Are you using your super effectively?

There are many options available to you in order to get more out of your super:

• Finding out how much you are likely to have when you stop working will allow you to take steps now to achieve the lifestyle you want.
• Investing in super could reduce your income tax.
• Taking advantage of some of the tax concessions available through super could mean you have more money in retirement.
• Understanding Government incentives could allow you to take advantage of programs like co-contributions.
• Understanding the benefits of different investments will help you to determine whether your assets are better invested in super.
• Consolidating your super accounts into one fund may reduce fees.
• Knowing when and how to begin drawing on your super can have a big impact on how much you receive.

New opportunities have arisen in super, so it is important that you get expert financial advice to ensure you take full advantage.