Superannuation in Tuncurry
Taree and Port Macquarie
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Grow your super with strategy, not guesswork.
Superannuation Strategies Built for You
Superannuation remains one of the most effective long-term investment structures available to Australians, but managing it correctly requires knowledge and foresight. At Midcoast Financial Planning Group, we can provide you and other clients across Tuncurry, Forster, Taree and Port Macquarie with practical, evidence-based advice on how to structure, consolidate and grow your super over time.
We focus on achieving better retirement outcomes through transparent, well-researched strategies that align with your goals, risks and contribution capacity. Taking into account legislative updates, contribution limits and tax considerations, our superannuation advice will help to keep every dollar working efficiently.
To review your fund and identify opportunities for improvement, contact 1300 854 764 to arrange a confidential consultation today.
Our Process
Our Proven Process helps us get to know you – your passions, goals, needs and wants. From there, we develop a customised financial plan that adapts and changes as your life progresses.
Step 1
Discovery Call
Let's have a quick chat to see how we can work together to help you achieve your goals.
Step 2
Gather Data
We gather data about all aspects of your financial situation so we take a comprehensive look at your life and finances.
Step 3
Financial Plan
We create a personalised financial plan that will serve as a roadmap towards your goals.
Step 4
Implementation
We set your financial plan in action by implementing all your personalised strategies.
Step 2
Step 4
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)
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, by law, your employer must pay your superannuation contributions into your a super fund at least every 3 months.
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 Can We Help?
The team at Midcoast Financial Planning Group 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 employer
Ask your previous employers for the names of the super funds that received contributions on your behalf.
To discuss your superannuation needs please contact one of our qualified Financial Advisers at Midcoast Financial Planning Group or phone on 1300 854 764.
Frequently Asked Questions
How much superannuation do I need to retire comfortably?
The amount required depends on lifestyle expectations, living costs, and other sources of income. For many Australians, a balance between $600,000 and $1 million can provide a comfortable retirement, though individual needs vary. Factors such as home ownership, healthcare costs, and eligibility for the Age Pension can significantly influence this figure. Using retirement calculators or consulting a qualified planner can help estimate how much super you’ll need based on your unique circumstances.
What are the main types of super contributions?
Super contributions fall into two main categories: concessional and non-concessional. Concessional contributions include employer Super Guarantee payments and salary sacrifice amounts, which are generally taxed at 15%. Non-concessional contributions come from after-tax income and are not taxed upon entry to the fund. Understanding the limits for each type — and how they impact your overall tax position — is essential to avoid penalties and maximise growth potential.
Should I consolidate multiple super accounts?
Consolidating multiple super funds can reduce fees, simplify management, and help maintain a consistent investment strategy. However, before merging accounts, it’s important to review insurance cover, tax components, and potential exit fees. Rolling over funds without checking these details can lead to unintended consequences, such as losing valuable insurance benefits or tax advantages. Always review each fund’s features before consolidating.
