Superannuation Q&A

Superannuation is one of Pitcher Partners’ key industry specialisations and we have one of the largest self managed superannuation fund practices in Australia. Our experience and expertise with self managed funds makes us well placed to advise on whether it is a suitable option for you, and the requirements to establish and operate your own fund.


Self Managed Superannuation Funds

Self managed funds effectively perform the same role as larger superannuation funds, allowing you to invest contributions and earnings over time to generate savings for use in retirement. One of the main differences is that members of a self managed fund are required to be fund trustees, and are therefore responsible for managing the fund’s investments and operating the fund in accordance with the law.

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Superannuation Contributions

Favourable tax concessions on contributions and investment earnings make superannuation a tax effective structure to save and invest for your retirement. Making extra contributions to super can increase the benefits available to you, and due to the effect of compounding, earlier contributions can reap larger rewards over time. However careful planning is required because significant tax penalties apply if contribution limits are exceeded.

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Superannuation Pensions

Accessing your superannuation as a pension may not seem, at first glance, to be the best way of taking money out of your super fund. However, pensions offer attractive benefits such as tax exemptions on super fund earnings, and preserves your wealth in a tax preferred investment environment. Advice regarding access to superannuation should consider the advantages of drawing funds via a superannuation pension.

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Transition to Retirement Pensions

Superannuation is a tax effective structure to save and invest for your retirement. At some point however, there may be an advantage in commencing to access your super prior to retirement. Determining when to begin accessing your super is an important issue and good advice can save you thousands of dollars over time.

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Borrowing to buy property in a super fund

A superannuation fund borrowing directly to buy property is a relatively new concept gaining in popularity, particularly with self managed super funds. Borrowing arrangements have the potential to increase your retirement benefits by offering ‘gearing’ in a tax advantaged structure. However, care must be taken to ensure that any borrowing arrangement represents a sound investment decision and that all legal and compliance requirements are met.

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Insurance & Self Managed Superannuation Funds

Superannuation is one of Pitcher Partners’ key industry specialisations and we have one of the largest self managed superannuation fund practices in Australia. Our experience and expertise with self managed funds makes us well placed to advise on whether it is a suitable option for you, and the requirements to establish and operate your own fund.

Read more here.