Superannuation Planning

What is superannuation planning?

Superannuation is essentially a long-term savings plan, during your working years, a portion of your income as mandated by law, is contributed to a superannuation fund. This fund is then invested in various assets, such as stocks and bonds, with the aim of growing your retirement savings over time. The goal is to accumulate a sufficient nest egg to support you in retirement when you’re no longer earning a regular income.

Why Superannuation Planning Matters

We think your golden years should have some sparkle, or the name doesn’t really fit. And sparkle’s hard to fund on a shoe-string budget.
Preferential tax treatment afforded to superannuation means there’s more to play with, because you didn’t send it off to the tax man. We like to think of super as the cornerstone of a comfortable retirement. Our dedicated team of financial advisors are here to guide you through the intricacies of superannuation, helping you make informed decisions for a prosperous future.

Why do I need a financial advisor for this?

1. Assessment:

Financial advisors begin by assessing your unique financial situation, including your current superannuation balances, financial goals, risk tolerance, and expected retirement age.

2. Strategy Development:

Based on this assessment, they develop a tailored superannuation strategy. This may involve consolidating multiple superannuation accounts, making additional contributions, or adjusting your investment portfolio to align with your goals.

3. Risk Management:

Superannuation funds often offer different investment options, each with varying levels of risk and return. Financial advisors help you select investments that match your risk tolerance while maximising your potential returns.

4. Tax Efficiency:

Superannuation is subject to various tax rules, and financial advisors can help you navigate these complexities to minimise your tax liability, both while you’re contributing and when you start drawing upon your superannuation in retirement.

5. Retirement Planning:

Advisors can help you determine how much you’ll need in retirement and create a plan to achieve this goal. They’ll consider factors like the age at which you want to retire, your desired lifestyle, and potential government benefits.

6. Regular Monitoring:

Superannuation planning isn’t a set-and-forget endeavor. Advisors continuously monitor your portfolio’s performance and make adjustments as needed to keep you on track to meet your retirement goals

How will Thrive Financial help?

Tailored Strategies for Your Unique Goals

We know you’re unique. That's why we take time to understand your specific goals and objectives. With personalised superannuation planning, we’ll develop a strategy that aligns with your aspirations, ensuring you get the most out of your retirement savings.

Navigating the Complexities, Together

Superannuation planning can be complex, with changing regulations and investment options. Let us simplify the process for you. We stay up to date with the latest industry trends and compliance requirements, so you can have peace of mind knowing your superannuation is in safe hands.

Your Trustworthy Partner

When it comes to planning your financial future, trust is paramount. Our client-centric approach, coupled with years of experience, has helped numerous individuals in Queensland secure their retirement.

Your retirement deserves the best possible planning. Take the first step towards a worry-free future by scheduling a consultation with our expert financial advisors. Together, we’ll design a superannuation plan that paves the way for a secure and comfortable retirement. Don’t leave your retirement to chance. Secure your future with Thrive Financial today.

Client Testimonials

Hear What Our Clients Have to Say About Us

Katie Chisholm

2023-10-29

Rachael and the amazing team at Thrive Financial are amazing. Impeccable attention to detail, efficient and thorough with communication, super impressive with regards to unbiased recommendations and product options. Having been involved in the industry in a previous life, we have been using financial planning and insurance services for many, many years now. But NEVER have we experienced this type of genuine, super-caring service, and considering we've now been with Rachael for a number of years, we haven't slipped in to the usual templated annual contact - Rachael is in communication with us regularly with a genuine service that is second to none. This year we made a major claim and in comparison to experiences friends of ours have been through, the process has been easier than a walk in the park. Nothing is too much trouble for Rachael, she goes above and beyond with ALL aspects of her client service, she's a genuine person with a heart of gold and genuinely cares. I can't recommend Thrive Financial enough if you're looking for a genuine service from someone who walks the walk. 10 out of 5 stars? Let's make it 20.

Brenton Ellis

2023-09-04

Rachael and her team are very thorough and had our every interest in mind finding us the right company to use for our financial futures.

Rebecca Jeffrey

2023-06-16

Racheal is excellent. Very thorough, efficient and professional. She is also just really lovely too. We enjoy working with her!

Laura Wagner

2023-06-09

Callum is an exceptional financial adviser. He is extremely knowledge and provides clear and concise advice without beating around the bush. The process was smooth and I feel very secure and confident in the approach taken. I could not recommend anyone higher.

Bronte Glasby

2023-05-16

As a financially illiterate person, Callum has been a lifesaver for me. He has organised my whole life. He takes the time to understand where I am and helps me map out how to get where I want to go. He spends a lot of our sessions educating me on key concepts that are crucial to the success of my overall plan. If you are serious about making your money work for you - talk to Callum.

John Keys

2023-05-16

Callum spoke clearly and is very knowledgeable when it comes to explaining presenting financial advice. I walk out of meetings more aware of how to achieve my financial goals and feel better for it.

Jaedene Glasby

2023-04-19

Callum is great! I'd recommend him to anyone seeking honest and thorough financial planning advice. I've enjoyed his services for many years. He has really helped to make my money work for me. Callum supported me with designing a plan that fits my needs. He has also been proactive in keeping me on track and working towards my goals. He checks in with me regularly to confirm things make sense and that I feel comfortable with the plan.

Batteries Sunshine Coast

2023-03-31

We have used Rachael's advise and expertise for years both professionally and personally. Her team is knowledgable, as well as extremely compassionate and friendly. I would recommend them every time.

Michael Jeffrey

2023-03-07

Rachael and the team are awesome. Highly recommend!

luke bolster

2023-03-06

Thrive Financial have been giving me financial advice for the last 3 years. There services is awesome!!’

Glossary of common terms

Bear market – A market in which prices decline sharply in light of widespread pessimism about economic conditions. The opposite of a ‘bull market’.
Benchmark – Usually represents the minimum performance objective for an investment portfolio.
Bull market – A market in which prices rise in light of widespread optimism about economic conditions.
Concessional contributions – Superannuation contributions made from before-tax income for which a tax deduction can be claimed (also referred to as deductible contributions). Concessional contributions include employer Superannuation Guarantee (SG) contributions, additional employer contributions (salary sacrifice) and contributions made by the self-employed for which they claim a tax deduction.
Conditions of release – These are restrictions placed on superannuation funds for how and when preserved benefits can be paid.
Contribution cap – This is the limit on the amount of contributions that can be made for an individual. Contributions in excess of the cap will be subject to excess contributions tax. Concessional and non-concessional contributions have different cap amounts.
Investment fee – how much you must pay your investment manager, or the MER %. This typically depends on the investment option you choose.
Management fee – how much it costs to pay the fund for managing your super balance, this is usually tiered by balance level.
Membership fee – how much it costs to join the super fund
MER % – the management expense ratio, or what proportion of your investments you must pay your investment manager.
Non-concessional contributions – These are contributions made from a person’s after- tax income. The terms ‘non-concessional contributions’, ‘post-tax contributions’ and ‘after-tax contributions’ are often used interchangeably
Portfolio – An investor’s range of investment holdings.
Preservation age – The minimum age at which members can access their superannuation benefits, provided you have permanently retired from the workforce.
Salary sacrifice – An agreed arrangement between an employer and an employee whereby the employee agrees to sacrifice a part of their gross salary in exchange for a benefit, such as extra employer contributions to superannuation. An annual contribution limit applies.
Superannuation Guarantee (SG) – Employer contributions are usually called Superannuation Guarantee (SG) contributions.
Superannuation co-contribution – If you’re a low or middle-income earner and make personal (after-tax) contributions to your super fund, the government may also contributes to your superfund.
Yield – The return of an investment, expressed as a percentage. Can also refer to the profit that an investment is likely to return.