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Superannuation Services
RSM provides individuals, accountants, and other advisers with practical and hands-on superannuation advice.
What is superannuation?
Superannuation is a tax-advantaged program to help you accumulate wealth in your working years so you have money to live off when you retire.
Your superannuation money is held in a superfund. Generally, you can only access the money once you satisfy a condition of release.
Examples of conditions of release that are most regularly utilised are:
- Retiring permanently from gainful employment upon having reached preservation age and;
- Reaching age 65
FAQs
If you’re an employee, and aged 18 or over then you’re generally eligible to receive contributions.
There are many superannuation funds to choose from.
When you start a new job, your employer can create an account for you with their chosen super fund. Or, you can give them the account details for a super fund of your choice.
Once you have money in your fund, it needs to be invested to help you generate a return. Each type of investment carries its own potential risks and rewards and the investment portfolio you select will impact how much money you end up with when you reach retirement.
If you are self-employed, you have the option to make contributions to superannuation yourself which can be tax deductable.
You may also wish to make extra contributions to your superannuation, which can yield significant rewards for you by the time you reach retirement age. Talk to your RSM accountant for options.
HOW CAN WE HELP YOU?
Contact us by phone 0800 774 623 or submit your questions, comments, or proposal requests.