SUPERANNUATION AND SMSFs

Superannuation, or ‘super,’ is an investment structure that’s designed to help you save for your retirement.

While it may not seem like it yet, your superannuation savings are likely to be your greatest asset (aside from the family home) as you approach retirement - so it’s important to get the right advice to ensure that your investments, held in the superannuation environment, are working hard for you.

Many people simply leave their superannuation savings in the default ‘balanced’ or low risk option, which may not offer the best returns, nor take into account your particular objectives or retirement horizon.

At Adams Financial Services, we can help develop a superannuation strategy that’s right for you.  This involves taking a close look at the structure and allocation of investments held within your superannuation environment to ensure that they’re structured in a way that’s consistent with your needs, objectives, retirement timeframe, and what we call your ‘risk profile,’ or tolerance towards risk and market volatility.  Because when it comes to investing; the higher the potential returns - the greater the risk.

Self-managed superannuation funds (SMSFs)
Our service also extends to self-managed superannuation funds; an increasingly popular choice for many Australians but one that also carries with it significant reporting and administration obligations. We can help you to decide whether an SMSF may be suitable for you before you make a decision you may regret.

Superannuation for small business owners
It’s common for small business owners to regard their business as their superannuation. However relying on the sale of your business to fund your retirement is not a sound strategy.  Firstly, you may not be able to sell the business when you’d like to, and secondly your business may not be worth as much as you’d hoped. This can throw your retirement plans into disarray and create a situation where it feels like your business owns you rather than the other way around. We understand the challenges faced by small business owners and can work with you to develop a strategy that puts you back in control of your finances and your future.

To find out more about our wealth accumulation strategies,
please contact us.