Women, Superannuation and Lifestyle

Super – Vital for the New Age Woman

Statistically women tend to live longer than men, making it even more essential for them to accumulate enough superannuation to last through retirement.

According to a survey by Lonergan research conducted in 2011, 83 % of women say that their death will place a huge financial burden on their family. Taking out Life insurance can ensure that your family will not be in financial trouble if you are no longer able to provide for them.

Women face unique challenges when it comes to savings. Women are known to be the lower pay earner, time out of the workforce to raise children, and running a single-parent household.

Simple Superannaution strategies women should consider.

  1. Super is good for you
  2. Start to understand
  3. Options available to grow your Super
  4. Track down lost super
  5. Understand financial matters and be more active in preparing for retirement.

Centre In Financial Planning is able to work with you in various areas:

  1. Government contribution incentives.
  2. Superannuation rules
  3. Understanding your investment risk profile
  4. Accessing benefits
  5. Understanding Lfe Insurance, Income protection, Trauma, and Risk management
  6. Retirement and Estate planning
  7. Aged care

A helpful guide to help you understand Superannuation

Superannuation is money you save throughout your working life in a Superannuation account.Your employer should be making Super contributions. You can access Super when you reach preservation age. Even though it may be a while before you can spend it.Understanding Super early provides you greater control and confidence for future financial choices.

Superannuation is a tax- effective way to save for your next stage of life - retirement.Without Super many women are forced to rely on the age pension. Centrelink pension is designed as a safety net and not to provide a comfortable retirement. It is time to focus on growing your Super.

Take the time read your Superannuation statement and understand where its invested.

Centre in Financial planning will take the time to help you review your statement. 

Super strategies which women need to take "control"

 

Just five steps:

  1. Comsolidate your super to reduce fees
  2. Look at the investment strategy
  3. Consider co-contribution
  4. Find lost super
  5. Salary sacrifice
  6. Ongoing management and service 

Super, Life Insurance and Women 

There are many types of life insurance cover that women can take out in order to protect themselves and their family against detrimental situations and events. Life insurance for women is a cover that all women should consider, particularly if you are a main contributor to the household income.

 

Within or outside Superannuation consider your insurance cover.

  1. Life Insurance
  2. Total and Permanent disability (or invalidity) insurance (TPD)
  3. Income Protecttion (Salary continuance) Insurance
Women, Superannuation and Lifestyle

Organise a no-obligation consultation today.

Contact the team

Call: 03 9813 5822 Email: cif@cifp.com.au

To discuss your needs or if you have any questions.

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