What you need to know about superannuation in australia

Understanding Superannuation

It was the year 1992 when the Superannuation Guarantee, also known as SG, came into effect. This policy came into existence as so that the Australians can get the opportunity to enhance their retirement fund savings. Since the time it was implemented, this policy has achieved unilateral support from all political parties, which is one of the reasons for it being one of the major component of many australians’ retirement plans as well as one of the prominent investor in the Australian Economy. If we look at the current asset base of the Superannuation in Australia, it stands at almost two trillion australian dollars, and it is expected to grow exponentially in future.

Why know about Superannuation in Australia

If we look at the forecasts, along with the funds that are currently invested in Superannuation in Australia, the sum total represents one of the largest possible sum of funds that are under the management of any government of the world. So along with this being an asset, it would also help secure the future of Australian citizens. The investments made in these funds are reinvested in property, equity, mutual funds, bonds, infrastructure and much more, which has fueled the overall economic growth of the nation. Usually this process of reinvestments is done within a regulated legal framework wherein the people, who are appointed as the trustees of the firm, act on their behalf and manage their investments keeping their best interests in mind.

As we have highlighted the impact that the superannuation fund has on the economy as well as on the future of millions of Australians’ retirement, choosing which Superannuation to invest in should be a strategic decision.

Here is where Rayvat Accounting comes into picture. Our team researches the pros and the cons of various superannuation firms, essentially help you compare superannuation funds and provides you with the list of best possible funds that you can invest in. We even provide detailed comparison for the funds so that you know exactly what you are getting into before you actually invest your hard earned money. There are multiple ways through which you can invest in this funds, investing in the best one that suits your need, would help you maximum during your retirement. We are here to assist you in order for you to have a profitable future.

There are various types of Superannuation in Australia, some of which are:

•MySuper account
•Industry super funds
•Retail Super funds
•Corporate or Employer Superfunds
•Public Sector Funds
•Self Managed Super Funds.

When you compare these superannuation funds and then finally decide to invest in any of them, Rayvat Accounting with help you figure out the various strategies in order to gain the maximum advantage. Some of the strategies that we focus on when we work with Superannuation in Australia are Super Fund Pre mix investment strategies, Specialized or special super funds and Direct Shares Superannuation. When you work with us, we will guide you, by looking at the type of risk you are willing to make as well as your preferences so that you make the most profitable decision.