Frequently Asked Questions

1. Why should I use a Certified Financial Planner® professional?
A Certified Financial Planner® professional is internationally recognised by having the highest education and ethical standards in financial planning. So when you want to trusted, credible financial advice, look for a CFP® professional.
2. What is superannuation?
Superannuation is just a different tax environment for your savings. Because it has a different tax environment there are different rules that you need to understand. There are rules about who can contribute, and how much they can contribute. There are also rules about when you can access the money, how old you are when you access the money and whether you access it as a lump sum, or as a regular income. Superannuation has a sole purpose, this is money that is to be used for your retirement or semi retirement. When we make investment decisions these decisions should be based around this sole purpose.
3. How should I invest my superannuation?
When you make a decision about how to invest your superannuation you need to remember that the sole purpose of superannuation is to provide for your retirement. You need to take into account the long time frame (or short timeframe) before you will need to access the money. You should also consider how comfortable you will feel with the balance changing. This is often referred to as volatility. Different types of markets and investments will have different levels of capital volatility. Money that you know you will need to spend in the next two years would normally be invested in investments with low or no capital volatility.
4. Should I have a Self Managed Super Fund (SMSF)?
Self Managed Superannuation Funds have become a hot topic for discussion at BBQ’s in the last couple of years. Though it is true an SMSF is designed to give you greater control over your superannuation it is also true that trustees/members of the fund must understand a complex web of rules and regulations. You must also consider the costs involved in managing the SMSF. Read more in our fact sheet.