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absolute super knowhowABOUT USthe specialists in DIY superfund administration
ask is a firm of chartered accountants specialising in superannuation fund administration.
Our Purpose
Our prime purpose is to deliver Australia’s most reliable and efficient administration services for DIY self managed superannuation funds (SMSFs), including allocated pensions, complying pensions and market-linked income streams (MLIS).
Who we are
We do not charge fees based on percentages of assets or contributions, and, because our core business is administration, we do not provide advice on investments or insurance products. Our focus is the administration of your fund: our singular objective is to exceed your expectations in this key area of superannuation expertise.
It all starts with understanding exactly what it is you want to achieve. We will then create your financial plan to help you get there.
We can help you with ...
SMSF
SMSFs give people full control of their own super fund, including all the legal and tax responsibilities associated with doing this.
Is a self-managed super fund right for you?
According to Association of Superannuation Funds Australia (ASFA), SMSFs may be the right choice for you if you:
- are very knowledgeable about finance and legal matters
- have a lot of money in superannuation to make set up and yearly running costs worthwhile
- have enough money for ongoing expenses including professional accounting, tax, audit, legal and financial advice
- have a lot of spare time to research and check your super investments regularly
- have a lot of spare time to manage the fund
- have life insurance, including income protection and total and permanent disability cover.
What is an SMSF?
SMSFs are a legal tax structure with the sole purpose of providing for your retirement. SMSFs are regulated by the Australian Taxation Office (ATO).
- An SMSF can have 1-4 members.
- An SMSF is a trust structure and must have a trustee. There are two options: Corporate Trustee Structure or Individual Trustee Structure.
- Generally, SMSF trustees will use one central bank account to receive contributions and use that account to make investments.
- An SMSF must have a Trust Deed that sets out the governing of the SMSF
- An Investment Strategy must be in place that states how you plan to invest the SMSF assets
- A Binding Death Nomination will state who you would like you super benefits to be paid in the event of death
- Annual tax return and audit must occur every year
You can’t do it all yourself
Despite some people calling SMSFs ‘do it yourself super’ or ‘DIY funds’ you will have to work with some other people to meet your obligations.
- You will need an independent self-managed super fund auditor who is registered with ASIC to complete your fund’s audit each year.
- In some circumstances, you will need a qualified actuary to provide you with an actuarial certificate.
- Each year, you need to value your assets at market value. In some circumstances, you will need an independent valuer who is qualified to do this; for example, to value artwork.
You may also work with:
- An administrator who will manage most of the day-to-day running of the SMSF. The legal and tax responsibilities are still yours even if you use an administrator.
- An Accountant to prepare financial accounts, statements and tax returns.
- A Financial Adviser for investment and estate planning advice.
How we can help
The team at Absolute Super Knowhow can assist you with the investment and estate planning strategies for your SMSF.
We will recommend an investment strategy that is in line with your risk profile and incorporates your ideas about investing within your SMSF. We make the recommendations. You make the decisions.
SMSFs and Estate Planning is a complex area, but with our experience we will help to make sure your money goes to the right people at the right time.
What will your SMSF cost?
The costs of setting up and running an SMSF vary depending on, among other things, your circumstances, super balance, investment strategy and how you choose to manage your fund. The more complex you make it, the more it is likely to cost.
For information about SMSFs please contact us at Absolute Super Knowhow on Phone (02) 9436 2301.
SMSF
An SMSF is one where you, as a trustee and member, have responsibility over the management, investment and administration of your super fund.
Read More ....
SMSF
SMSFs give people full control of their own super fund, including all the legal and tax responsibilities associated with doing this.
Is a self-managed super fund right for you?
According to Association of Superannuation Funds Australia (ASFA), SMSFs may be the right choice for you if you:
- are very knowledgeable about finance and legal matters
- have a lot of money in superannuation to make set up and yearly running costs worthwhile
- have enough money for ongoing expenses including professional accounting, tax, audit, legal and financial advice
- have a lot of spare time to research and check your super investments regularly
- have a lot of spare time to manage the fund
- have life insurance, including income protection and total and permanent disability cover.
What is an SMSF?
SMSFs are a legal tax structure with the sole purpose of providing for your retirement. SMSFs are regulated by the Australian Taxation Office (ATO).
- An SMSF can have 1-4 members.
- An SMSF is a trust structure and must have a trustee. There are two options: Corporate Trustee Structure or Individual Trustee Structure.
- Generally, SMSF trustees will use one central bank account to receive contributions and use that account to make investments.
- An SMSF must have a Trust Deed that sets out the governing of the SMSF
- An Investment Strategy must be in place that states how you plan to invest the SMSF assets
- A Binding Death Nomination will state who you would like you super benefits to be paid in the event of death
- Annual tax return and audit must occur every year
You can’t do it all yourself
Despite some people calling SMSFs ‘do it yourself super’ or ‘DIY funds’ you will have to work with some other people to meet your obligations.
- You will need an independent self-managed super fund auditor who is registered with ASIC to complete your fund’s audit each year.
- In some circumstances, you will need a qualified actuary to provide you with an actuarial certificate.
- Each year, you need to value your assets at market value. In some circumstances, you will need an independent valuer who is qualified to do this; for example, to value artwork.
You may also work with:
- An administrator who will manage most of the day-to-day running of the SMSF. The legal and tax responsibilities are still yours even if you use an administrator.
- An Accountant to prepare financial accounts, statements and tax returns.
- A Financial Adviser for investment and estate planning advice.
How we can help
The team at Absolute Super Knowhow can assist you with the investment and estate planning strategies for your SMSF.
We will recommend an investment strategy that is in line with your risk profile and incorporates your ideas about investing within your SMSF. We make the recommendations. You make the decisions.
SMSFs and Estate Planning is a complex area, but with our experience we will help to make sure your money goes to the right people at the right time.
What will your SMSF cost?
The costs of setting up and running an SMSF vary depending on, among other things, your circumstances, super balance, investment strategy and how you choose to manage your fund. The more complex you make it, the more it is likely to cost.
For information about SMSFs please contact us at Absolute Super Knowhow on Phone (02) 9436 2301.
Superannuation
What is superannuation?
Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Super is a tax effective environment for your money; the account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.
Your employer must pay 9.5% of your salary into a super fund. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
Why is superannuation important?
“Many of us will spend more than a quarter of our life retired, as people are now living until an average age of 86 years (if you’re male) and 89 years (if you’re female). Life expectancy is expected to rise to 91 for males and 93 for females by 2050.
So, you might need a lot more money for your retirement than you think. Unless you’re counting on a lotto win or growing your own personal money tree, super can help you enjoy your retired days by allowing you to maintain a good standard of living, which isn’t achievable by receiving just the Age Pension.”
Association of Superannuation Funds Australia (ASFA) [1]
How does superannuation work?
Superannuation is treated differently to most other savings. For most people, super will be taxed at a lower rate than a similar investment outside super. If you’re self-employed, you may be able to claim a tax deduction for personal contributions you make to super.
What your employer does
If you’re entitled to receive super, your employer must pay 9.5% of your salary into a super fund at least every 3 months. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
What your super fund does
Once your superannuation fund receives your contributions it invests this money either in a default strategy or one you have chosen yourself. Fees charged by the super funds may include general fees such as administration, member and investment, as well as optional extras including adviser fees and insurance premiums.
Your role
It is important you keep an eye on your superannuation payments and balance to ensure your money is working as hard as it can for your retirement.
If you are self-employed, you are responsible for making your own superannuation contributions.
How we can help?
The team at Absolute Super Knowhow can help you understand, grow and manage your superannuation.
We can help you:
- Consolidate your super funds and help you save on fees
- Identify investment options tailored to your goals and risk profile
- Review your concessional and non-concessional contributions to super
- Identify strategies to help boost your superannuation
- Enjoy the benefits of salary sacrifice
- Understand your insurance options within superannuation
- Determine if you have the correct beneficiary nominations in place
- Determine whether a self-managed super fund (SMSF) is right for you.
How to find your lost super?
If you think you may have lost track of your super then you have access to services to help you find your lost accounts.
This service searches the Lost Members Register and other ATO records, such as ATO-held super accounts and unclaimed super money, for your lost super accounts. You can also use the phone service (13 28 65).
You can use the ATO’s myGov service to see details of all your super accounts, including any you have lost track of or forgotten about. You will need to create a myGov account and then link your account to the ATO service.
- Previous employers
Ask your previous employers for the names of the super funds that received contributions on your behalf.
Contact us for more information about how we can help you make the most of your superannuation.
[1] http://www.superguru.com.au/retiring/how-much-super-will-I-need/
Superannuation
Superannuation is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Read More....
Superannuation
What is superannuation?
Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Super is a tax effective environment for your money; the account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.
Your employer must pay 9.5% of your salary into a super fund. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
Why is superannuation important?
“Many of us will spend more than a quarter of our life retired, as people are now living until an average age of 86 years (if you’re male) and 89 years (if you’re female). Life expectancy is expected to rise to 91 for males and 93 for females by 2050.
So, you might need a lot more money for your retirement than you think. Unless you’re counting on a lotto win or growing your own personal money tree, super can help you enjoy your retired days by allowing you to maintain a good standard of living, which isn’t achievable by receiving just the Age Pension.”
Association of Superannuation Funds Australia (ASFA) [1]
How does superannuation work?
Superannuation is treated differently to most other savings. For most people, super will be taxed at a lower rate than a similar investment outside super. If you’re self-employed, you may be able to claim a tax deduction for personal contributions you make to super.
What your employer does
If you’re entitled to receive super, your employer must pay 9.5% of your salary into a super fund at least every 3 months. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
What your super fund does
Once your superannuation fund receives your contributions it invests this money either in a default strategy or one you have chosen yourself. Fees charged by the super funds may include general fees such as administration, member and investment, as well as optional extras including adviser fees and insurance premiums.
Your role
It is important you keep an eye on your superannuation payments and balance to ensure your money is working as hard as it can for your retirement.
If you are self-employed, you are responsible for making your own superannuation contributions.
How we can help?
The team at Absolute Super Knowhow can help you understand, grow and manage your superannuation.
We can help you:
- Consolidate your super funds and help you save on fees
- Identify investment options tailored to your goals and risk profile
- Review your concessional and non-concessional contributions to super
- Identify strategies to help boost your superannuation
- Enjoy the benefits of salary sacrifice
- Understand your insurance options within superannuation
- Determine if you have the correct beneficiary nominations in place
- Determine whether a self-managed super fund (SMSF) is right for you.
How to find your lost super?
If you think you may have lost track of your super then you have access to services to help you find your lost accounts.
This service searches the Lost Members Register and other ATO records, such as ATO-held super accounts and unclaimed super money, for your lost super accounts. You can also use the phone service (13 28 65).
You can use the ATO’s myGov service to see details of all your super accounts, including any you have lost track of or forgotten about. You will need to create a myGov account and then link your account to the ATO service.
- Previous employers
Ask your previous employers for the names of the super funds that received contributions on your behalf.
Contact us for more information about how we can help you make the most of your superannuation.
[1] http://www.superguru.com.au/retiring/how-much-super-will-I-need/
Wealth Protection
Total and permanent disablement (TPD)
TPD cover provides a lump sum if you become unable to work due to a permanent disability. This cover can help you pay for medical expenses, repay major debts and help provide for your future.
Trauma cover
Trauma cover provides a lump sum if you’re diagnosed with a medical condition or undergo a procedure outlined in your policy. This may include a heart attack, major organ transplant, cancer or stroke — to name a few. Trauma cover is designed to help cover your medical costs and living expenses, providing you with some financial security during the important recovery period.
Death cover
Death cover may be important for people of all ages, especially if you have others relying on you and large debts such as a mortgage. Death cover provides a lump sum to your beneficiaries if you die. This can be used to help meet the costs of your mortgage, other debts and/or cover your family’s future expenses. Many policies make an advance payment of the insured sum if you are diagnosed with a terminal illness. With Death, Total Permanent Disablement and Trauma cover you can:
- Find comfort in knowing your family will receive a lump sum payment to help them financially if you were to die or become terminally ill.
- Receive financial support if you become seriously disabled, maintain your quality of life and help meet the cost of rehabilitation programs and daily living expenses with TPD insurance.
- Take the financial pressure off and give yourself time to recover, should you experience one of the traumatic events listed in our trauma cover, including cancer, stroke, heart attack and coronary artery surgery. Children’s trauma cover can also be selected.
Income Protection Insurance
You insure your car, the family home and even your health – so why not your ability to earn an income. Have you ever thought about what would happen if you became ill or were injured and couldn’t work for an extended period of time? Would you be able to meet your financial commitments without your regular income? If not, it’s time you considered income protection. When you think about what life would be like without your regular income, your earning capacity becomes possibly your greatest asset. Chances are, you’ve based the achievement of your goals and ambitions on having a regular cash flow. If you became ill and were unable to work and maintain that cash flow, your goals may no longer be achievable.
Business Overheads Insurance
What would happen to your business if you were too ill or injured to work? Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.
Protect your business expenses
Recover with peace of mind knowing that, if you are unable to work due to injury or illness, your business overheads insurance will reimburse your business expenses such as:
- Rent
- Property Rates
- Vehicle leases
- Salaries
Absolute Super Knowhow provides wealth protection advice in St Leonards. Contact us on Phone (02) 9436 2301.
Wealth Protection
Insurance is the foundation of all financial plans. We can help you evaluate the risks and come up with the right insurance solution for you and your family.
Read More ....
Wealth Protection
Total and permanent disablement (TPD)
TPD cover provides a lump sum if you become unable to work due to a permanent disability. This cover can help you pay for medical expenses, repay major debts and help provide for your future.
Trauma cover
Trauma cover provides a lump sum if you’re diagnosed with a medical condition or undergo a procedure outlined in your policy. This may include a heart attack, major organ transplant, cancer or stroke — to name a few. Trauma cover is designed to help cover your medical costs and living expenses, providing you with some financial security during the important recovery period.
Death cover
Death cover may be important for people of all ages, especially if you have others relying on you and large debts such as a mortgage. Death cover provides a lump sum to your beneficiaries if you die. This can be used to help meet the costs of your mortgage, other debts and/or cover your family’s future expenses. Many policies make an advance payment of the insured sum if you are diagnosed with a terminal illness. With Death, Total Permanent Disablement and Trauma cover you can:
- Find comfort in knowing your family will receive a lump sum payment to help them financially if you were to die or become terminally ill.
- Receive financial support if you become seriously disabled, maintain your quality of life and help meet the cost of rehabilitation programs and daily living expenses with TPD insurance.
- Take the financial pressure off and give yourself time to recover, should you experience one of the traumatic events listed in our trauma cover, including cancer, stroke, heart attack and coronary artery surgery. Children’s trauma cover can also be selected.
Income Protection Insurance
You insure your car, the family home and even your health – so why not your ability to earn an income. Have you ever thought about what would happen if you became ill or were injured and couldn’t work for an extended period of time? Would you be able to meet your financial commitments without your regular income? If not, it’s time you considered income protection. When you think about what life would be like without your regular income, your earning capacity becomes possibly your greatest asset. Chances are, you’ve based the achievement of your goals and ambitions on having a regular cash flow. If you became ill and were unable to work and maintain that cash flow, your goals may no longer be achievable.
Business Overheads Insurance
What would happen to your business if you were too ill or injured to work? Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.
Protect your business expenses
Recover with peace of mind knowing that, if you are unable to work due to injury or illness, your business overheads insurance will reimburse your business expenses such as:
- Rent
- Property Rates
- Vehicle leases
- Salaries
Absolute Super Knowhow provides wealth protection advice in St Leonards. Contact us on Phone (02) 9436 2301.
Superannuation
What is superannuation?
Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Super is a tax effective environment for your money; the account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.
Your employer must pay 9.5% of your salary into a super fund. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
Why is superannuation important?
“Many of us will spend more than a quarter of our life retired, as people are now living until an average age of 86 years (if you’re male) and 89 years (if you’re female). Life expectancy is expected to rise to 91 for males and 93 for females by 2050.
So, you might need a lot more money for your retirement than you think. Unless you’re counting on a lotto win or growing your own personal money tree, super can help you enjoy your retired days by allowing you to maintain a good standard of living, which isn’t achievable by receiving just the Age Pension.”
Association of Superannuation Funds Australia (ASFA) [1]
How does superannuation work?
Superannuation is treated differently to most other savings. For most people, super will be taxed at a lower rate than a similar investment outside super. If you’re self-employed, you may be able to claim a tax deduction for personal contributions you make to super.
What your employer does
If you’re entitled to receive super, your employer must pay 9.5% of your salary into a super fund at least every 3 months. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
What your super fund does
Once your superannuation fund receives your contributions it invests this money either in a default strategy or one you have chosen yourself. Fees charged by the super funds may include general fees such as administration, member and investment, as well as optional extras including adviser fees and insurance premiums.
Your role
It is important you keep an eye on your superannuation payments and balance to ensure your money is working as hard as it can for your retirement.
If you are self-employed, you are responsible for making your own superannuation contributions.
How we can help?
The team at Absolute Super Knowhow can help you understand, grow and manage your superannuation.
We can help you:
- Consolidate your super funds and help you save on fees
- Identify investment options tailored to your goals and risk profile
- Review your concessional and non-concessional contributions to super
- Identify strategies to help boost your superannuation
- Enjoy the benefits of salary sacrifice
- Understand your insurance options within superannuation
- Determine if you have the correct beneficiary nominations in place
- Determine whether a self-managed super fund (SMSF) is right for you.
How to find your lost super?
If you think you may have lost track of your super then you have access to services to help you find your lost accounts.
This service searches the Lost Members Register and other ATO records, such as ATO-held super accounts and unclaimed super money, for your lost super accounts. You can also use the phone service (13 28 65).
You can use the ATO’s myGov service to see details of all your super accounts, including any you have lost track of or forgotten about. You will need to create a myGov account and then link your account to the ATO service.
- Previous employers
Ask your previous employers for the names of the super funds that received contributions on your behalf.
Contact us for more information about how we can help you make the most of your superannuation.
[1] http://www.superguru.com.au/retiring/how-much-super-will-I-need/
Superannuation
Superannuation is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Read More....
Superannuation
What is superannuation?
Superannuation, often called super, is a way to save for your retirement. You build up super while you are working to make sure you can have a comfortable retirement.
Super is a tax effective environment for your money; the account is held in your name, and both you and your employer can deposit money into your account. Your money will attract investment earnings, and when you reach your ‘preservation age’, you are able to start drawing on these funds.
Your employer must pay 9.5% of your salary into a super fund. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
Why is superannuation important?
“Many of us will spend more than a quarter of our life retired, as people are now living until an average age of 86 years (if you’re male) and 89 years (if you’re female). Life expectancy is expected to rise to 91 for males and 93 for females by 2050.
So, you might need a lot more money for your retirement than you think. Unless you’re counting on a lotto win or growing your own personal money tree, super can help you enjoy your retired days by allowing you to maintain a good standard of living, which isn’t achievable by receiving just the Age Pension.”
Association of Superannuation Funds Australia (ASFA) [1]
How does superannuation work?
Superannuation is treated differently to most other savings. For most people, super will be taxed at a lower rate than a similar investment outside super. If you’re self-employed, you may be able to claim a tax deduction for personal contributions you make to super.
What your employer does
If you’re entitled to receive super, your employer must pay 9.5% of your salary into a super fund at least every 3 months. This is called the Super Guarantee and it’s the law. The Super Guarantee will gradually increase to 12% in coming years.
What your super fund does
Once your superannuation fund receives your contributions it invests this money either in a default strategy or one you have chosen yourself. Fees charged by the super funds may include general fees such as administration, member and investment, as well as optional extras including adviser fees and insurance premiums.
Your role
It is important you keep an eye on your superannuation payments and balance to ensure your money is working as hard as it can for your retirement.
If you are self-employed, you are responsible for making your own superannuation contributions.
How we can help?
The team at Absolute Super Knowhow can help you understand, grow and manage your superannuation.
We can help you:
- Consolidate your super funds and help you save on fees
- Identify investment options tailored to your goals and risk profile
- Review your concessional and non-concessional contributions to super
- Identify strategies to help boost your superannuation
- Enjoy the benefits of salary sacrifice
- Understand your insurance options within superannuation
- Determine if you have the correct beneficiary nominations in place
- Determine whether a self-managed super fund (SMSF) is right for you.
How to find your lost super?
If you think you may have lost track of your super then you have access to services to help you find your lost accounts.
This service searches the Lost Members Register and other ATO records, such as ATO-held super accounts and unclaimed super money, for your lost super accounts. You can also use the phone service (13 28 65).
You can use the ATO’s myGov service to see details of all your super accounts, including any you have lost track of or forgotten about. You will need to create a myGov account and then link your account to the ATO service.
- Previous employers
Ask your previous employers for the names of the super funds that received contributions on your behalf.
Contact us for more information about how we can help you make the most of your superannuation.
[1] http://www.superguru.com.au/retiring/how-much-super-will-I-need/
Retirement Planning
We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important.
Why is retirement planning important?
We are living longer and for most of us compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming about.
Putting a long-term financial plan in place will provide you with the comfort of knowing that you can do all those things that you dreamed of and that your financial future is under control.
How we can help
Absolute Super Knowhow Financial Advisers can help you work out how much money you have now, how much you might have in the future and where it is coming from.
We will help you:
- Identify your retirement goals
- Review your income and cashflow requirements
- Identify what assets (house, savings, investments) you have and how much they are worth
- Assess how much super you have and when you can access it
- Find ways to grow your retirement income
- Put plans in place to make your money last in retirement
- Determine when you can apply for the age pension and whether you are likely to be eligible.
- Review your estate planning
How much money do I need to retire comfortably?
This is the magic question and how much money you need in your retirement nest egg will depend entirely on how you want to live in retirement.
According to the Association of Superannuation Funds of Australia’s Retirement Standard 2015, to have a ‘comfortable’ retirement, single people will need $545,000 in retirement savings, and couples will need $640,000.
The Standard is updated four times a year to take into consideration the rising price of items like food and utility bills, as well as changing lifestyle expectations and spending habits.
The Standard includes the cost of things such as health, communication, clothing, travel and household goods.
To see the latest Standard click here
Please contact one of our qualified Financial Advisers at Absolute Super Knowhow on Phone (02) 9436 2301 to discuss your retirement planning needs.
Retirement Planning
Retirement may seem like a long way off but putting money into super now is still a tax effective way to invest your money. You also can benefit from the effects of compounding returns.
Read More ....
Retirement Planning
We all have different ideas of what the second half of our lives looks like and that’s why planning for your retirement is so important.
Why is retirement planning important?
We are living longer and for most of us compulsory superannuation payments or the Age Pension alone won’t be enough to help us achieve the retirement lifestyle we’re dreaming about.
Putting a long-term financial plan in place will provide you with the comfort of knowing that you can do all those things that you dreamed of and that your financial future is under control.
How we can help
Absolute Super Knowhow Financial Advisers can help you work out how much money you have now, how much you might have in the future and where it is coming from.
We will help you:
- Identify your retirement goals
- Review your income and cashflow requirements
- Identify what assets (house, savings, investments) you have and how much they are worth
- Assess how much super you have and when you can access it
- Find ways to grow your retirement income
- Put plans in place to make your money last in retirement
- Determine when you can apply for the age pension and whether you are likely to be eligible.
- Review your estate planning
How much money do I need to retire comfortably?
This is the magic question and how much money you need in your retirement nest egg will depend entirely on how you want to live in retirement.
According to the Association of Superannuation Funds of Australia’s Retirement Standard 2015, to have a ‘comfortable’ retirement, single people will need $545,000 in retirement savings, and couples will need $640,000.
The Standard is updated four times a year to take into consideration the rising price of items like food and utility bills, as well as changing lifestyle expectations and spending habits.
The Standard includes the cost of things such as health, communication, clothing, travel and household goods.
To see the latest Standard click here
Please contact one of our qualified Financial Advisers at Absolute Super Knowhow on Phone (02) 9436 2301 to discuss your retirement planning needs.
Wealth Protection
Total and permanent disablement (TPD)
TPD cover provides a lump sum if you become unable to work due to a permanent disability. This cover can help you pay for medical expenses, repay major debts and help provide for your future.
Trauma cover
Trauma cover provides a lump sum if you’re diagnosed with a medical condition or undergo a procedure outlined in your policy. This may include a heart attack, major organ transplant, cancer or stroke — to name a few. Trauma cover is designed to help cover your medical costs and living expenses, providing you with some financial security during the important recovery period.
Death cover
Death cover may be important for people of all ages, especially if you have others relying on you and large debts such as a mortgage. Death cover provides a lump sum to your beneficiaries if you die. This can be used to help meet the costs of your mortgage, other debts and/or cover your family’s future expenses. Many policies make an advance payment of the insured sum if you are diagnosed with a terminal illness. With Death, Total Permanent Disablement and Trauma cover you can:
- Find comfort in knowing your family will receive a lump sum payment to help them financially if you were to die or become terminally ill.
- Receive financial support if you become seriously disabled, maintain your quality of life and help meet the cost of rehabilitation programs and daily living expenses with TPD insurance.
- Take the financial pressure off and give yourself time to recover, should you experience one of the traumatic events listed in our trauma cover, including cancer, stroke, heart attack and coronary artery surgery. Children’s trauma cover can also be selected.
Income Protection Insurance
You insure your car, the family home and even your health – so why not your ability to earn an income. Have you ever thought about what would happen if you became ill or were injured and couldn’t work for an extended period of time? Would you be able to meet your financial commitments without your regular income? If not, it’s time you considered income protection. When you think about what life would be like without your regular income, your earning capacity becomes possibly your greatest asset. Chances are, you’ve based the achievement of your goals and ambitions on having a regular cash flow. If you became ill and were unable to work and maintain that cash flow, your goals may no longer be achievable.
Business Overheads Insurance
What would happen to your business if you were too ill or injured to work? Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.
Protect your business expenses
Recover with peace of mind knowing that, if you are unable to work due to injury or illness, your business overheads insurance will reimburse your business expenses such as:
- Rent
- Property Rates
- Vehicle leases
- Salaries
Absolute Super Knowhow provides wealth protection advice in St Leonards. Contact us on Phone (02) 9436 2301.
Wealth Protection
Insurance is the foundation of all financial plans. We can help you evaluate the risks and come up with the right insurance solution for you and your family.
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Wealth Protection
Total and permanent disablement (TPD)
TPD cover provides a lump sum if you become unable to work due to a permanent disability. This cover can help you pay for medical expenses, repay major debts and help provide for your future.
Trauma cover
Trauma cover provides a lump sum if you’re diagnosed with a medical condition or undergo a procedure outlined in your policy. This may include a heart attack, major organ transplant, cancer or stroke — to name a few. Trauma cover is designed to help cover your medical costs and living expenses, providing you with some financial security during the important recovery period.
Death cover
Death cover may be important for people of all ages, especially if you have others relying on you and large debts such as a mortgage. Death cover provides a lump sum to your beneficiaries if you die. This can be used to help meet the costs of your mortgage, other debts and/or cover your family’s future expenses. Many policies make an advance payment of the insured sum if you are diagnosed with a terminal illness. With Death, Total Permanent Disablement and Trauma cover you can:
- Find comfort in knowing your family will receive a lump sum payment to help them financially if you were to die or become terminally ill.
- Receive financial support if you become seriously disabled, maintain your quality of life and help meet the cost of rehabilitation programs and daily living expenses with TPD insurance.
- Take the financial pressure off and give yourself time to recover, should you experience one of the traumatic events listed in our trauma cover, including cancer, stroke, heart attack and coronary artery surgery. Children’s trauma cover can also be selected.
Income Protection Insurance
You insure your car, the family home and even your health – so why not your ability to earn an income. Have you ever thought about what would happen if you became ill or were injured and couldn’t work for an extended period of time? Would you be able to meet your financial commitments without your regular income? If not, it’s time you considered income protection. When you think about what life would be like without your regular income, your earning capacity becomes possibly your greatest asset. Chances are, you’ve based the achievement of your goals and ambitions on having a regular cash flow. If you became ill and were unable to work and maintain that cash flow, your goals may no longer be achievable.
Business Overheads Insurance
What would happen to your business if you were too ill or injured to work? Business Overheads Insurance helps you meet your ongoing business expenses by reimbursing eligible business overheads as a monthly amount if you are too ill or injured to work.
Protect your business expenses
Recover with peace of mind knowing that, if you are unable to work due to injury or illness, your business overheads insurance will reimburse your business expenses such as:
- Rent
- Property Rates
- Vehicle leases
- Salaries
Absolute Super Knowhow provides wealth protection advice in St Leonards. Contact us on Phone (02) 9436 2301.
Why Choose Us?
Exceptional Personal Service
Our focus is on listening, understanding, and caring about your concerns and providing you with an individual level of service.
Ongoing Support
Our friendly support team will support you throughout your journey with us and answer any questions you have along the way.
Knowledge and Experience
Our Financial Advisers are highly qualified and have the knowledge and experience necessary to focus on all your important financial matters.
A Holistic Approach
We want to understand exactly what you want to achieve in life and provide you with strategies to guide you towards your goals.
Ease and Convenience
Deal with one company for your superannuation, investment, debt management, insurance and estate planning needs.
Keep You On Track
We will keep you accountable along the way because we want you to stay on track to achieve your goals.
Meet Our Team
Andrew Stanning
Andrew Stanning has over 35 years Experience in the Professional Services Industry. He commenced his working life in a Chartered Accountant’s firm before starting his own accounting business in Crows Nest in 1999.
He began with a small portfolio of clients consisting of friends and family and grew it into a leading accounting firm specialising in accounting systems, property, business, tax-accounting and wealth advisory group.
Andrew is the Founder of Northstar Accounting Group. He provides strategic advice and overall direction to the Group and Senior Management . Andrew is a member of the Institute of Chartered Accountants of Australia, registered Tax Agent and Self-Managed Superannuation Fund Auditor.
Andrew’s practical and pragmatic approach to business has been instrumental to the success of Northstar and he uses these skills to consult and mentor many businesses within and outside the group including the various, Self-managed Superannuation, Finance and Financial planning divisions.
Andrew has been a Property Investor and developer for over 30 years and has a keen interest in this area.
Andrew thrives on helping clients achieve their financial goals by applying his extensive business and taxation experience.
Andrew Stanning
Founder & CEO
Andrew Stanning
Andrew Stanning has over 35 years Experience in the Professional Services Industry. He commenced his working life in a Chartered Accountant’s firm before starting his own accounting business in Crows Nest in 1999.
He began with a small portfolio of clients consisting of friends and family and grew it into a leading accounting firm specialising in accounting systems, property, business, tax-accounting and wealth advisory group.
Andrew is the Founder of Northstar Accounting Group. He provides strategic advice and overall direction to the Group and Senior Management . Andrew is a member of the Institute of Chartered Accountants of Australia, registered Tax Agent and Self-Managed Superannuation Fund Auditor.
Andrew’s practical and pragmatic approach to business has been instrumental to the success of Northstar and he uses these skills to consult and mentor many businesses within and outside the group including the various, Self-managed Superannuation, Finance and Financial planning divisions.
Andrew has been a Property Investor and developer for over 30 years and has a keen interest in this area.
Andrew thrives on helping clients achieve their financial goals by applying his extensive business and taxation experience.
Simon Perkovich
Holding a bachelor of business (Accounting) degree and being a qualified Chartered Accountant and registered tax agent, Simon Perkovich works as the Managing Partner of Northstar Accountants Pty Ltd in Sydney with fellow Partner Andrew Stanning and their team of highly dedicated Accountants. Through the years, Simon has gained extensive experience in tax planning, accounting and business advisory engagements.
In 2015, Simon became Managing Partner of Chan & Naylor North Sydney. The firm rebranded in July 2019 to Northstar Accountants. Simon is known for his ability to communicate complex tax matters so that they may be understood by clients at all levels. Prior to joining Chan & Naylor, Simon was an owner of a successful Chartered accountancy practice which was founded in 2004. Simon understands his clients’ needs because of his technical and commercial knowledge. He thrives on helping them grow and develop their personal wealth through identifying opportunities and avoiding potential risks.
Simon provides solutions and a new approach when necessary. He has assisted numerous property investors, businesses and families by implementing solid and safe strategies that include company, trust and SMSF structures that protect his clients’ assets and estate plans.
As Managing Partner of Northstar Accountants, Simon leads a team of highly skilled & service orientated accountants and support staff. Services include general accounting, tax preparation and tax advice for investors and businesses. His specialties include property and business structuring advice in order to obtain tax & asset protection benefits for his clients.
Simon Perkovich
MANAGING PARTNER
Andrew Stanning
Holding a bachelor of business (Accounting) degree and being a qualified Chartered Accountant and registered tax agent, Simon Perkovich works as the Managing Partner of Northstar Accountants Pty Ltd in Sydney with fellow Partner Andrew Stanning and their team of highly dedicated Accountants. Through the years, Simon has gained extensive experience in tax planning, accounting and business advisory engagements.
In 2015, Simon became Managing Partner of Chan & Naylor North Sydney. The firm rebranded in July 2019 to Northstar Accountants. Simon is known for his ability to communicate complex tax matters so that they may be understood by clients at all levels. Prior to joining Chan & Naylor, Simon was an owner of a successful Chartered accountancy practice which was founded in 2004. Simon understands his clients’ needs because of his technical and commercial knowledge. He thrives on helping them grow and develop their personal wealth through identifying opportunities and avoiding potential risks.
Simon provides solutions and a new approach when necessary. He has assisted numerous property investors, businesses and families by implementing solid and safe strategies that include company, trust and SMSF structures that protect his clients’ assets and estate plans.
As Managing Partner of Northstar Accountants, Simon leads a team of highly skilled & service orientated accountants and support staff. Services include general accounting, tax preparation and tax advice for investors and businesses. His specialties include property and business structuring advice in order to obtain tax & asset protection benefits for his clients.
What Our Clients Say
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