The SMSF Melbourners Want

Funding our retirement via a portion of our salary has been compulsory in Australia for quite some time now. The government requires 9% of our paycheck to be set aside in superannuation funds, with that percentage to be increased in the coming years. However, unlike in other countries that have the government handle the money, the Commonwealth lets its people have a certain degree of choice as to where their contributions go. Aussies can opt to work in companies that have superannuation funds that are set up to their liking, or they can go to banks and have their employer place their contributions to the formers’ funds.

This is because while our money is not yet in our pockets, it is placed in all sorts of investment vehicles in order to spurn economic growth. Money that would have otherwise slept in banks would fund infrastructure projects, real property, and businesses – all of which would earn more money. This cycle of investing and earning takes place throughout the working life of every Australian, so by the time an Aussie retires, his or her money would have grown in commensurate measure as to how much his fund’s investments had. This means that if one wants to end up with more money come retirement, one has to choose a super that has a portfolio comprising of high-risk investment vehicles such as stocks. However, risk-averse people opt for funds with conservative portfolios instead.

In Melbourne, many seek greater investment freedom and thereby choose self-managed superannuation funds. The SMSF Melbourners want allow them to invest whenever and wherever they want while still complying with governmental policies. This is why they look for professionals who will assist them in achieving the retirement of their dreams.