Superannuation Advice


The Australian Superannuation System is one the most complex retirement savings programs in the world.

There are many parts to Superannuation that we can assist you with including Contributions, consolidation of multiple funds, investment option choices and understanding the superannuation funds fees.

Superannuation Contributions

Super Guarantee:
  • Subject to an employee’s eligibility, employers are required by law to pay an additional proportion of an employee’s salary or wages into a complying superannuation fund
Concessional / Salary Sacrifice:
  • Salary sacrifice is when you contribute more to your super from your before-tax pay.
  • A salary sacrifice arrangement reduces your taxable income, meaning you may pay less tax on your income.
  • These contributions are taxed at 15% rather than your normal marginal income tax rate.
Non-Concessional / After-tax Contributions:
  • Non-concessional contributions are from your after-tax income and not taxed in your super fund.
  • You can also make contributions from your after-tax pay into superannuation.

Consolidating your Superannuation

Consolidating your super means moving all your super into one account. It makes your super easier to manage, and saves on fees.

Before you consolidate, we will need to pick the best super fund for you.

Things to consider before consolidating your super

  • Check your current accounts to see if changing funds will affect how much your employer contributes. Some employers contribute more to certain funds.
  • Check to see if you have any insurance through the fund. This might be life, total and permanent disability (TPD), and/or income protection insurance. If you change funds, you might not be able to get the same cover.

Investment Options in Superannuation

Your super fund invests your money for you. Most funds let you choose from a range of investment options, from conservative to growth. The options you choose can make a big difference to how your super grows.

Your risk comfort level

Think about how much investment risk you’re comfortable with.

A higher growth option will have higher risk and experience more volatile returns over the short term. It will usually achieve higher returns over the long term. A conservative option will offer lower risk but lower returns over the long term.

Shaye Wilson – A huge thank you to Justin for all his effort, patience and communication over the past 7-8 months. Justin was nothing short of amazing & approachable. Even the time response to emails/ text or calls were fast and prompt. I couldn’t recommend the team at MJ financial chiefs enough!