Unlock the Potential of Your Superannuation
CAG’s expert financial advisers understand the importance of securing your future with a superannuation strategy tailored to your needs. Whether early in your career or approaching retirement, our goal is to help you achieve a healthy superannuation balance to support your dream retirement.
How Coastal Advice Group Can Help?
Coastal Advice Group offers a personalised and client-centric approach to superannuation advice, empowering clients to make informed decisions and secure their financial future effectively. Here’s how CAG can help:
Recommend a suitable superannuation account, considering your individual needs and future retirement goals
Ensure that the chosen superannuation fund has competitive fees in place, optimising your net investment return
Locate all lost super accounts to avoid missing any superannuation funds
Help you to invest your superannuation funds according to your current needs, best interests, and retirement goals
CAG’s superannuation advisers undertake a comprehensive process to address clients’ superannuation needs, craft personalised strategies, and monitor performance. Here’s an outline of the steps involved:
Assessment of Superannuation Needs
CAG advisers conduct a thorough assessment of each client’s superannuation needs, taking into account their current financial situation, retirement goals, timeframe and risk tolerance.
Crafting Personalised Strategies
Based on the assessment, the team crafts personalised superannuation strategies tailored to each client’s current needs, best interests, and future retirement goals.
Selecting Suitable Superannuation Products
Selection includes ensuring competitive fees, simplifying and consolidating superannuation funds, identifying and relocating lost super accounts, and investing superannuation funds according to the client’s current needs and best interests.
Monitoring Performance
CAG advisers continuously monitor the performance of their clients’ superannuation strategies, making adjustments as needed to ensure that the clients’ superannuation investments align with their financial objectives and market conditions.
Secure your Future with the Right Superannuation Advice
Imagine a future marked by financial ease, peace of mind, and the happiness of a well-secured retirement. Whether you’re starting your retirement savings or refining existing plans, CAG equips you with the insights for sound financial decisions.
Our financial advisers at Coastal Advice Group understand that a fulfilling retirement means financial comfort – of which your superannuation investments are a critical factor. We can provide specialist superannuation advice, expert knowledge and guidance you need to help you make the right financial decisions for a future of comfort, peace of mind, and happiness.
Coastal Advice Group can provide a personal superannuation advice strategy and superannuation review that ensures:
- A suitable superannuation product is chosen for you.
- Your chosen superannuation fund has competitive fees in place.
- Your superannuation funds are simplified and consolidated where appropriate.
- All lost super accounts are identified and relocated.
- Your superannuation funds are invested per your current needs, best interests, and future retirement goals.
- All potential strategies are considered (e.g. Salary Sacrifice, Spouse Super Contributions, Contribution Splitting, Government Co-Contribution and Low-Income Superannuation Tax Offset).
- Where applicable – can you utilise your superannuation savings to purchase your first home (First Home Loan Deposit Scheme).
Explore smart strategies with your superannuation fund. Trust us to guide you toward financial success.
Superannuation Benefits
Enjoy the Benefits of Superannuation Advice from Coastal Advice Group
Personalised Superannuation Advice Strategy
Coastal Advice Group tailors advice to your specific needs, risk tolerance, and financial situation, ensuring a comprehensive roadmap for your retirement
Competitive Fees
Our advisers help you choose a suitable superannuation product with the right features and competitive fees, ensuring your investments grow more efficiently
Simplified and Consolidated Funds
CAG simplifies and consolidates your superannuation funds where appropriate, making it easier to manage and track your investments
Investment Expertise
Our expert team assesses investment options, diversifies your portfolio, and offers guidance on suitable investment vehicles, ensuring your retirement funds work harder for you
Tax Efficiency
CAG helps you navigate the complex world of tax regulations, identifying opportunities to minimise your tax burden through superannuation contribution strategies
Regular Monitoring and Adjustments
We provide continuous monitoring of your investments, evaluating their performance, and making adjustments as needed, ensuring your retirement plan remains aligned with your goals
Our Commitment to Your Retirement Success
At Coastal Advice Group, we are committed to ensuring that you have a well-planned and secure retirement. We are dedicated to your long-term financial success. We provide specialist financial planning, expert knowledge, and guidance to help you make the right financial decisions for a future of comfort, peace of mind, and happiness.
Our goal is to help you make informed decisions that positively impact your financial situation and secure a comfortable and happy retirement.
FAQ
Frequently Asked Questions
How much should I have in Superannuation?
According to Canstar, here’s the recommended super balance you should have for a comfortable retirement based on your age group:
| Age | Recommended super balance required for comfortable retirement |
|---|---|
| 30 | $54,000 |
| 40 | $143,000 |
| 50 | $257,000 |
| 60 | $415,000 |
If you are worried that you won’t have enough super for your retirement, receiving professional advice and guidance can help you develop strategies to take control of your superannuation assets and achieve better outcomes.
How much can I contribute to my superannuation?
From 1 July 2021:
- The non-concessional contribution cap will be $100,000 to $110,000. Members under 65 years of age may be able to make non-concessional contributions of up to three times the annual non-concessional contribution cap in a single year.
- The general concessional contribution cap is $27,500 for all individuals regardless of age.
It’s important to remember that there are limits to the amount of super you can contribute as well as regulations around contributing. It is always best to seek professional superannuation advice to ensure you adhere to super fund regulations and avoid penalties.
What is a Concessional Contribution?
A concessional contribution is made from before-tax income and is taxed at 15% in your super fund. Common examples of concessional contributions include:
- compulsory employer superannuation guarantee contributions,
- salary sacrifice arrangements, and
- any personal super contributions that you claim as a tax deduction.
What is a Non-Concessional Contribution?
A non-concessional contribution is made from after-tax income and is not taxed in your super fund. Common examples of non-concessional contributions include:
- voluntary additional payments made from your after-tax income,
- any made on behalf of your spouse (married or de facto),
- a government co-contribution.
When can I access my superannuation?
Generally, you must reach preservation age before you can access your superannuation per ATO rules.
| Date of birth | Preservation age |
|---|---|
| Before 1 July 1960 | 55 |
| 1 July 1960 – 30 June 1961 | 56 |
| 1 July 1961 – 30 June 1962 | 57 |
| 1 July 1962 – 30 June 1963 | 58 |
| 1 July 1963 – 30 June 1964 | 59 |
| From 1 July 1964 | 60 |
Secure Your Today, Shape Your Tomorrow: Premium Financial Advice You Can Trust.
GENERAL ADVICE WARNING