Superannuation and Pensions are primarily misunderstood and, therefore, underutilised by people.

Superannuation is intended to produce a retirement income for us when we reach preservation age. For most people, this seems an eternity away, and as such, we seem to neglect our Superannuation with the attitude, “I will worry about that later, and closer to the time I can access the funds within it”.

This can prove a fatal error; a lack of retirement planning could mean you miss years of increased returns and the compounding nature of these returns that come with it! Putting the right foundations in place early will ensure you live the life you want in retirement.

Superannuation can also be a tax-effective way of building wealth over a long period. There are many different contribution types, and using the right one can help you develop your balance even quicker.

As you near retirement, GLOW can put strategies in place to reduce your tax whilst increasing your superannuation balance. We can even do this without lowering your disposable income!