The Superannuation Melbourners Prefer

Australians are sophisticated despite our country’s age. We stand head and shoulders among the Old World countries – as well as many of our older New World siblings – when it comes to finance. Aussies count among the citizens of the First World: living in comfort and secure about our future. This is because we are wise about our money.

     As a nation, we believe in making our money work for us. Our retirement funds – aptly called supers – have grown to become one of the largest in the world. This is because instead of putting our money to sleep in savings accounts, we let fund managers use our money to inject cash into government bonds, real property, or profitable businesses. As these investments grow in value – such as when bonds mature, when construction projects finish, or when businesses become bigger –, our return on investment becomes larger, too, thereby making our individual accounts much more sizeable in the long run – ready for the taking in our long, retirement years.

With this in mind, the superannuation Melbourners prefer is one that is substantial enough to sustain the lifestyle they are accustomed to, if not live a level higher than before – while still having a budget for everyday needs and unforeseen emergencies.

To enjoy the greatest control over your immediate, medium term, and long-term finances, many smart Melbourners have turned to self-managed super funds. These let individuals and corporate entities have their own investment portfolios as their retirement funds, for as long as government policies and requirements are met. Due to the complex nature of superannuation Melbourners need, the Australian Taxation Office highly recommends obtaining professional services in order to protect their retirement years.