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Since the budget announcement earlier this year, superannuation reform has been at top of the Federal government’s agenda.rip-super2

The new changes have significantly redefined the objective for Australia’s superannuation scheme. It is now ‘to provide income in retirement to substitute or supplement the Age Pension’.

These changes may well be the death knell of superannuation as an investment tool for high net worth individuals and entrepreneurs.

Over the past six months we have had a number of conversations with our clients about superannuation. The general sentiment we have gauged is that the business community no longer trusts super.

With superannuation no longer a safe place to grow a nest egg, it is time to look for alternatives that can offer the same asset protection and safety net to future-proof your income.

Investment alternatives do exist. It is a matter of exploring which options fit your unique set of needs and situation.

Learn more

To learn more about your investment options or to better understand how the proposed changes will impact you, contact Murray Howlett from our Taxation Services division.