Have you thought about retirement?


There has been quite a lot of discussion recently on the affordability of the pension scheme, with Treasurer Joe Hockeys audit Commission recommending the pension to be cut and retirement age to be lifted again.

The reasons behind this proposal are the larger number of people in retirement age in relation to the number of workers paying tax and the average amount of super per capita which is around $150,000 and roughly only lasts 3-4 years.

No matter how young or old you are it is important for all of us to start planning to have enough assets to support ourselves financially in retirement.

On average super funds have had returns of 3.9% over the last 5 years, If you think about how much you will need to have to retire comfortably and that your super contributions is returning less than 4% the question arises: “are my super contributions paid my employer going to be enough?”

This question has resulted in a large number of people looking to take control of their super thorough Self Managed Super Funds (SMSF) that allows them to know where and how their super is invested and take better control of those returns.

With the property market preforming strongly and high occupancy rates and great tax deductions a direct property inside a SMSF is a very popular and stable vehicle to generate wealth and assets for your retirement.

The idea of a changing to a self managed super fund and using your money now to invest in property can seem a little daunting, but with the right help and advice, it can become on of the best decision you’ll make.

For more information on property inside a Self Managed Super Fund please contact Geoff on 0404-852-781 or Geoff@gctdevelopments.com.au to help plan for a retirement lifestyle you desire.


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