Super heroes

Picking the right people to be on your life team is essential. The sooner you map out your retirement strategy, the more you’ll have to enjoy later in life. As superannuation experts, we can be your super heroes.

Retirement strategies

Planning your retirement isn’t something that should be permanently on your ‘to do’ list. The sooner you start, the more you’ll be thankful you did.

According to the Association of Superannuation Funds of Australia’s Retirement Standard, to be comfortable, single people will need around $545,000 and couples will need $640,000 in savings (September, 2021). The definition of ‘comfortable’ assumes health insurance, entertainment services, upkeep of vehicles, home repairs, buying clothes or household items, household utilities and occasional holidays. So, per year, that equates to $45,239 for a single person and $63,799 for a couple (before payment of supplements).

It’s important to plan ahead to ensure you can enjoy a comfortable retirement lifestyle.

Our services

Free money!

Did you know that if you’re a low or middle-income earner, who makes a personal contribution to your super, you could receive a government provided co-contribution?

To find out if you’re eligible, get in touch with the Empower team today.

Partnering with us

Establishing direction

If you’ve got a financial goal, you need to know the direction you’re taking so you can get there sooner. Let us help you clear a pathway so you can move forward with confidence.

Your roadmap

The Empower Financial Advice team will work with you to understand your unique circumstances and deliver financial strategies to nurture and protect your financial wellbeing.

Meeting your goals

At Empower Financial Advice, we’ll support you on your wealth creation journey and work with you to ensure you reach your goals comfortably, without stress.

Here to help

Improving the financial wellbeing of our clients is our main aim. With the experience of a big city bank, our team of trusted, Cairns local financial advisors, you’re in safe hands.

Champions start early

The sooner you map out your superannuation strategy, the more you will have to enjoy when you retire. Whilst this sounds logical, we admit that it isn’t a very exciting activity and when you’re first starting out on your career, there is no apparent urgency. But time marches on and before you know it, you’ll be wishing ‘past you’ had been a bit more organised.

Whether you’re 18, 40, 60 or any other age, there are steps you can take to maximise your superannuation wealth rather than turning a blind eye to it. Firstly, it’s important not to set and forget your super. The team at Empower Financial Advice will take the time to work out your risk profile from which point, we’ll form your super strategy. This is tailored to you and your future goals. We don’t do off the shelf as everyone is different. What fits one person perfectly, might be awful for the next client we see.

Ready to get started?

Adjusting for life

Life changes for all of us and as your priorities shift, so too should your superannuation strategy. From salary sacrifice, downsizer contributions, finding your lost super, spouse contributions and everything in between, we help you navigate through all the available options that are right for your current stage in life.

Whether you’ve got multiple super funds that need consolidating, or you’d like to top up your super with a voluntary contribution, we can help make your fund work harder for you so when you stop, it doesn’t.

Whatever your situation, speak to the experts in super. With little or no out of pocket expenses (our fees may be able to be paid from your super), you have everything to gain.

Self-managed super fund

A self-managed super fund (SMSF) comes with some great tax benefits and a lot more freedom than ‘traditional’ super however like anything, there are some risks. The main difference between a self-managed and a super fund is that the members are in charge but equally, they are also responsible for compliance.

SMSFs have their own tax file number and can have two structure options:

  1. Corporate trustee in which each member is a director, but a company is the trustee (between 1 and 6 members)
  2. Individual trustee in which each member is a trustee (between 2 and 6 members)

To find out if a self-managed super fund is right for you, get in touch with one of the Empower Financial Advice team. We’ll work through the pros and cons with you and answer any questions you may have.

To credit or not to credit?

It wasn’t so long ago that if you didn’t have the money for something, you simply went without or saved up. The likes of credit cards, loans and Afterpay have changed our purchasing behaviour, but is it for the better? It can be tempting to spend beyond your means, particularly as Afterpay is relatively accessible. …

To credit or not to credit? Read More »

Top Tips for Saving

Life is unpredictable so having some money set aside for emergencies, is essential. Whilst we all have different financial situations and saving for some people is more of a challenge than others, there are a few ways you can make it less of a shock to the household budget: Pay more tax. Ask your payroll …

Top Tips for Saving Read More »

Budgeting and Wealth

Self-control is one of the secrets to increasing your wants and it’s not something we are generally born with, it’s learned behaviour. Having a budget is important as it will keep you on track and focus you on reaching your goals, particularly if you’re saving for something. Really ask yourself ‘is this a want or …

Budgeting and Wealth Read More »

Ready to get started?

Get in touch with Empower Financial today.

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