It is the duty of an experienced financial or superannuation advisor to equip customers with valuable superannuation advice that will make a great difference in how they approach their super funds and retirement planning. In order to provide superannuation advice in Australia, a person or organisation must either obtain an Australian Financial Services Licence granted by the Australian Securities and Investments Commission (ASIC) or be the approved representative of a licence holder. If you are seeking for a licenced authority, then get in touch with Omura Wealth Advisers. You are free to check 

Because of the complicated and ever-changing superannuation landscape, receiving the right superannuation advice australia is critical to assisting clients in planning for their best financial future. Before receiving financial guidance, consumers should have a defined goal in mind.

Related: Benefit Disparities for Women in Superannuation

What kinds of recommendations do superannuation advisors usually provide to their clients?

Superannuation advisor can give two forms of advice to their customers. particular advice that is tailored to each client’s financial condition and aspirations, as opposed to general counsel that does not address personal problems or goals. Personal advice can be as simple as a single topic such as superannuation contributions, or as complex as insurance, superannuation investments, or retirement planning.

Clients can be given a financial services handbook that contains information on the firm or individual offering financial advice. The FSG describes the fees charged, the financial services provided, and how the service provider will handle complaints.

All superannuation advisors have a legal responsibility to operate in their customers’ best interests. This means that while formulating strategies and offering personalised advice to customers, advisers must prioritise their clients’ interests over their own.

How can I locate an experienced adviser?

You can find a superannuation advisor Australia by searching through their professional organisations when seeking superannuation advice. To confirm our authenticity or that any other firm caliming to be a registered or licenced financial adviser kindly check with the Association for Financial Planning. Contact Omura Wealth Advisers who is based in Sydney, Australia to chat with a licenced, fully-qualified, and experienced Superannuation adviser who has your best interests in mind. Check out our website to discover more about our advisers and their credentials, or here to see our entire list of services.

Getting your unique superannuation advice: Everyone’s financial path is unique, so we’re here to help you create the future you desire by providing personalised superannuation guidance.

Online Calculators 

With our online calculators, you can plan with confidence, from calculating your super account balance at retirement to understanding your insurance coverage.

Webinars and Superannuation Education

Attend a webinar to learn from our experts on how to make educated super decisions.

Simple suggestions

Speak with an Omura Wealth Advisers team member over the phone for easy personal questions about your Australian superannuation account, such as choosing an investment, adding to your super, personal insurance, and retirement financing alternatives.

Complete financial advice

For more personalised and detailed advice, you may meet face-to-face or through secure video connection from the comfort of your own home with a highly qualified financial consultant. Register your enquiry on our website to find an adviser from Omura Wealth Advisers’ top team members.

Financial advice costs

Simple superannuation advice: most over-the-phone advice concerning your Australian Superannuation account is free with most of our consultation plans.

A minor cost may be payable from your end for more extensive retirement counselling, such as a transition to retirement and/or opening a pension account.

Complete superannuation advice: Your initial visit with an Omura Wealth Advisers professionally certified financial adviser is complimentary—and all about you. It addresses your personal and financial circumstances, as well as what is essential to you. Your initial meeting will not include any personal financial advice.

If you decide to proceed with personal financial advice, you will be charged a one-time fee for the production of individualised advice based on your specific situation. The exact cost will be agreed upon upfront in writing and will vary depending on the type and complexity of the assistance.

What Does Superannuation Advice Entail?

Knowing you Your initial consultation is free and entirely focused on you. It addresses your personal and financial circumstances, as well as what is essential to you. Your adviser can then assist you in determining the kind and complexity of the guidance you require, as well as discussing any associated fees. Your initial meeting will not include any personal financial advice.

Making a Strategy: Your consultant examines potential possibilities and produces a personalised superannuation strategy based on facts from your initial consultation and your agreement. This describes the optimal course of action to fulfil your personal and superannuation goals, as well as any associated expenses.

Plan presentation Your superannuation consultant will summarise the suggestions in your personalised superannuation plan and explain how the advice aligns with your objectives and is in your best interests. They will also answer any questions you have concerning the advice and the next measures you must take.

Taking action: Superannuation advice is only useful if it is followed through on. Once you are happy with your tailored superannuation strategy and suggestions, your Omura Wealth Advisers consultant will hold your hand and keep you informed at every stage, as well as what lies ahead.

If you’re searching for a superannuation expert, we’re your best bet. We will personalise your answer to your specific scenario, and we will debunk every obstacle that has caused you anxiety and uncertainty. We will also assist you in maintaining a happy and comfortable lifestyle during your retirement years.

If you’re a woman making a living in Australia, you’re likely to retire with fewer superannuation benefit than your male counterpart. This disparity is not only unjust, but it can also reduce a woman’s financial independence in retirement. It is especially concerning because women live longer than men and hence require more money to fund their retirement years.

Do you know that around 80% of women who did not prior take proper superannuation advice, retire with insufficient superannuation assets to live a reasonable lifestyle? In fact, when women retire, their average superannuation account balance is roughly $70,000 less than that of males. This might be due to a variety of factors. Many women, for example, leave the workforce to have children or care for family members, and they are also more likely to work part-time or for low pay.

Women are also less likely to gain from contributions over the mandatory superannuation guarantee rate on average. Whatever the cause, there is no doubt that women have a significantly greater challenge when it comes to saving for retirement. This is why it’s critical that all women take basic actions to increase their super savings.

There are two major reasons why women have less superannuation benefits:

• Women continue to earn less than men on average, and because mandatory employer payments are calculated as a percentage of salary, women receive fewer benefits. Women continue to be paid less than males in many areas, despite current legislation and changing views. 
• Maternity leave and time off to raise a family frequently disrupt a woman’s professional life, and it is often women who take time off to care for elderly parents.

Many women who take time off to raise a family can take advantage of the Commonwealth Paid Parental Leave Scheme, but the required superannuation contribution does not apply.

What does this imply for you?

If you leave with less superannuation, you may be more dependent on the government age pension once you retire. This not only has the potential to diminish your quality of life in retirement, but it also limits your independence.

What can you do as a woman to maximise your superannuation?

There are three critical actions you can take when working to ensure you get the most out of your super:

• Superannuation advisors advices that you shouldn’t think about super as something you can think about after you retire – it may be too late by then. The sooner you start taking charge of your super, the better off you’ll be in retirement. If you have more than one super account (as is often the case if you’ve worked at multiple locations), consider combining them into one low-fee, member-focused super fund. Contact Omura Wealth Advisers for more information. As a result, you may avoid paying various management costs. Consider the following before making the switch:

1. Can you acquire the same level of insurance coverage in your selected fund?
2. Can your employer contribute to the fund you’ve chosen?

• While working, contribute to your personal superfund. Sure, it may mean a slight decrease in your monthly salary now, but there may be tax advantages to voluntary super payments, and you’ll have more money to enjoy when you retire. Furthermore, if your annual income is less than $57,000, the government may donate up to $500 to your super account. Depending on your income, this co-contribution might be as much as 50 cents for every dollar you contribute after-tax.
• Talk to your partner about how they can help you boost your super by making a spouse contribution to your super account or arranging for contribution splitting from their job.

How can this be fixed?

To overcome the inadequacy of the superannuation system to deliver a safe and sustainable retirement income for women, a suite of alternatives is clearly necessary.

According to some Australian superannuation advisors, superannuation taxation settings need to be significantly rebalanced. The huge tax reductions on superannuation that accrue to high earners and males more than women were emphasised. It has become a platform for massive taxpayer-subsidized wealth growth. Because of these policy conditions, there is a severe gender disparity.

Another opinion from an superannuation advisor is that salaries will be the most important motivator in fixing the issue. Obtaining wage equality is what will decrease the gap in retirement income disparity.

Even if we eliminated the gender salary gap, there would still be a discrepancy in superannuation. Other things are more vital, such as introducing policies that offer women who become financially reliant on their partners in retirement some influence over how the superannuation money they rely on is used, and maintaining the age pension’s ability to provide a fair quality of life.

We shifted from a more gender-equal to a more gender-unequal retirement income system when we shifted our retirement income system to superannuation with the explicit goal of diminishing the role of the age pension.

Some experts feel that we should investigate caregiver credits or other comparable ways for the government to recognise unpaid effort.

What action can the government take?

The burden of solving the problem should not fall only on women. Government action is required to make super more equitable for women.

• Avoid any more delays in boosting employer superannuation contributions to 12%.
• Paternal leave, like all other forms of leave, is subject to superannuation.
• Ensure that tax breaks are well thought of and balanced.

Address your concerns about retirement income

Women’s top worries are: running out of money in retirement and becoming a bag lady. Even if you’re close to retirement, it’s not too late to optimise your super. You may speak with an Omura Wealth Advisers superannuation advisor about what you can do now to maximise your financial freedom when you become older.