Superannuation rules, regulations, and opportunities continue to evolve in 2017. Despite the limitations that have come into effect, for most Australians there are still plenty of opportunities to maximise superannuation.
Key findings for superannuation in 2017
- More than one-third (36%) of respondents rate their satisfaction with their superannuation provisions as eight out of 10 or higher. However, almost the same proportion (28%) are less than satisfied that their total superannuation provisions will be adequate for their retirement, rating it as four out of 10 or lower.
- Annual income expectations are relatively high, with more than half (57%) of respondents stating that they will need more than $75,000 per annum in retirement. 12% believe they will need less than $50,000 per annum.
- Half of respondents said they were willing to or already had used their superannuation to buy premises for the business, while the other half wouldn’t consider it. In 2016, 65% of respondents wouldn’t consider using their superannuation for business.
Case study
Darlington Dental, Western Australia
“RSM have provided me with advice with how best to finance assets which has helped with my business cashflow and consequently both entities now work together providing me with the best possible outcome.”
Karl Bailey
Owner/Dental surgeon, Darlington Dental
>> click here to read the case study
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Superannuation
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Business growth
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Business planning
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Exit strategy
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SME of the Future
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