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Importance of Superannuation and Financial Advice

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With little doubt, Superannuation (AKA Super) is likely going to be a persons longest-term investment and, therefore, deserves to be considered with a greater depth than perhaps their other financial investments.  There is no better time than now to engage in a conversation with a Kofkin Bond and Co financial adviser to ensure your Super is in order.

Super is not a short-term discussion

In the course of an average life, they may have many long and short-term savings and investment objectives. Saving for a holiday or a used car in your younger days may take a year or two, Whereas saving for a home deposit may take a little longer, and even then it may take thirty years, or more, to pay it off.

The longest and perhaps most significant of all investments is your Super. It will build throughout one’s working life and can potentially become an individual’s largest asset. Even after an investor has completed the contribution and accumulation phase, their retirement funds may still remain within the tax-protected superannuation environment as it is drawn down upon during retirement.

Due to its overall importance as well as the scope, span, and size of an individual’s superannuation, it deserves to be considered more seriously than any other area ofa person’s financial life. The superannuation needs to be wisely invested, tax-effectively structured and properly maintained so that it meets the individuals retirement lifestyle expectations.

The dangers of indifference

Despite its pre-eminent position in most people’s financial future, there is a general tendency to leave superannuation on ‘autopilot’ and not take an active interest in its management and investment. Not having a vested interest in the Superannuation plan can put the investor at a serious disadvantage in terms of their ultimate retirement outcomes. To get the most out a superannuation investment and to ensure adequate strategies for retirement, it is critical to becoming engaged with the plan and receives accurate advice on how to maximise one’s position. The question is: who do you trust to get that advice?

So who should you be taking advice from?

Superannuation is a major asset that warrants active engagement so that it can be managed, and invested, in a way that reflects your personal choices. However, often the complexity of superannuation regulations and the taxation system can make this quite a daunting prospect to deal with without professional guidance. The everyday investor often doesn’t have the time, nor inclination, to become superannuation experts which is why having access to qualified, personalised advice is invaluable.

The days of a ‘one size fits all’ approach to superannuation are long gone. One of the key foundations of contemporary financial advice is that it must be based on a close understanding of a person’s particular objectives, lifestyle circumstances, and investment personality. Kofkin Bond & Co qualified advisers are trained, and specialised, in guiding our clients to identify their financial objectives so that their individualised strategy can be developed.

The professional, Superannuation advice that is received from Kofkin Bond & Co specialist is based on developing long-term relationships, not a quick fix. Circumstances change, objectives evolve, and the investment environment fluctuates. A major part of an adviser’s role is to help the investor to adapt their planning to cope with all of this. At Kofkin Bond and Co, our advisers have access to market and legislative research and analysis, which allows them to provide the kind of fact-based, objective guidance needed to capitalise on market and legislative movements.

The current changes announced to Superannuation, due to be implemented in the new financial year, have made having, up to date, qualified advice, to ensure the new laws are understood, and the future financial well being covered, has become even more imperative. COntact Kofkin Bond and Co today to find out how you can better ensure a Superannuation plan that works for the future you are planning.


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