Superannuation

We take superannuation seriously here at Rising Tide.

Retirement planning is extremely important for all of us and we take great pride in ensuring that all of our clients are well informed and prepared in this regard.

When discussing superannuation with our clients we consider the following:

Superannuation is individual to everyone and to plan for it you really need to think about the sort of person you are.

Are you the frugal type that exists on $300 a week? Or do you spend $1000 a week and love to go on holidays to Europe every year? What ever the case, it’s important to sit down with your financial planner and discuss YOUR individual situation.

When would you like to retire?

Do you want to keep working until you are 70 or do you want to retire at 50? This too, will dictate how much super you will realistically need.

What superannuation structure is most appropriate for your individual age and stage?

Your superannuation structure shouldn’t just remain static over your entire career. As a general rule, your policy should be higher risk when you’re in your younger years before returning to a more conservative structure as you get closer to retirement. We work with each individual client to determine the best structure for them.

The most important piece of advice we have for clients when it comes to superannuation is not to leave thinking about your super too late. Typically people tend to focus on paying off their mortgage first and then start thinking about their super in their 50’s. It’s our belief that you need to be doing both from the very beginning. Make your own salary sacrificed contributions AND pay off your mortgage with any money left-over. When super was first introduced, the actuaries recommended 15% as the mandatory contribution and yet we’re still at 9.5% over 20 years later. Everyone should be trying to contribute at least 15% of their income to super.”

When it comes to retirement needs, no situation is the same. However as a bare minimum, people should assume that they will continue to spend around 60-70% of their pre-retirement income. For many people $1m in super would be ample. For others perhaps not. In either case, a two-pronged approach to financially preparing for retirement is vital, the idea being to build up your assets both inside of superannuation and outside of the superannuation environment as they both have different liquidity & accessibility.

We strongly recommend that young people seek out financial advice from a trusted and qualified financial professional who will be able to devise an investment strategy tailored to their unique needs so that you can feel confident about your retirement.

Success Stories

  • Photo of Sam Rowe Professional Australian Rules Footballer, Carlton Football Club

    I was lucky enough to meet Matt Hale at a club function. I decided to go in to meet the team and it just felt like a perfect fit. Read Sam's full story

  • Photo of Kane Baker & Rebekah Elmaloglou

    We knew we wanted to put our money to good use, but we didn’t know too much about how to get started, so we sought help from the team at Rising Tide Financial Services. Read Kane's full story

  • Photo of Ben O’Neill

    I’ve learned so much from working with the team at Rising Tide. They helped me to understand and organise my finances, helped me to put a strategy in place to work towards buying my first home. Read Ben's full story

  • Photo of Tim & Vesa

    Friends of ours had recommended that we get in touch with Rising Tide Financial Services...Little did we know, it would turn out to be one of the best decisions we’ve ever made! Read Tim's full story

  • Photo of Anthony De Leo Sales Manager, Audio Visual Revolution Pty Ltd

    Having income protection, it’s obviously important in case things go wrong, you’ve got some back up. Read Anthony's full story

  • Photo of Alistair Tubb

    We’ve managed to get into a home that would allow us to grow which is great. They tied it all in together and it made sense to have a one-stop-shop. Read Alistair's full story

  • Photo of Fenella Wagener PR and Media Manager, Universal Music

    They helped us work out what are our expenses, and how much money can we save a month, and it’s crazy to think how much you can be saving a month! Read Fenella's full story

  • Photo of Trish Curtis Self-employed bookkeeper

    Right from the outset, Ali was so easy to work with. There just wasn’t the pressure I had experienced when working with other advisers. Read Trish's full story

  • Photo of Peta Currie Single parent

    While it’s fantastic to receive the income, I know that all of the paperwork can be really challenging for some people, and Matt has been a fantastic help. Read Peta's full story

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Testimonials

  • Since catching up with Matt, Tom & the team at Rising Tide, both Emily & I feel like we’ve had a chance to get our financial lives in order.

  • Great team! Braden was especially helpful in getting my finances sorted for my business.

  • Highly recommend the Rising Tide team - friendly, honest guys who have helped me make my financial dreams come to life. Also, they have a bar in their office, which is, you know, great.

  • Felt 100% care and commitment to my needs. Always highly responsive to requests for information and support. A+

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