+61.8.9355 5822 |   enquiries@pplfinanceservices.com.au

Superannuation Funds

super funds

Superannuation funds act like a specialist savings accounts aimed at enabling you to save for your retirement and are widely available. These funds can be diverse and some will involve less risk to your savings than others depending on where and how your funds are invested along with the fees they charge for doing so. They are designed to be a form of manditory long-term investment to be accessable either upon reaching the retirement age, currently age sixty-five, or at age fifty five in the case of non-commutable allocated pension (whereby from age fifty-five but less than sixty five you can draw down a pension from your superannuation - see Transition to Retirement). Once savings are invested in a superannuation fund, they cannot be withdrawn or usually even transferred without  meeting very specific requirements and can incur extra charges and penalties, although transfer of the whole superannuation fund  from one provider to another may be free of charge depending on the financial institutions  or fund managers involved.

If you belong to a superannuation fund which invests your savings, primarily into the share market, then there is a level of risk that the value of your superannuation fund when you reach retirement could be less than the amount you have invested. So ensure you understand where your funds are to be invested and how or seek advice from a superannuation expert to help guide you on what is the best way to plan for and meet your retirement needs. Superannuation funds offer many advantages such as tax benefits, and at pensionable age, you can receive your super as a super income stream, lump sum or a combination of both - the options are yours. 

For more information on Superannuation see:

> Getting Started

> Super and Tax

> Accessing your Super

> Taxation on contributions

> Death Benefits

For advice on specific aspects of Superannuation, speak to an advisor at your bank or one of our experts. See also the section on Pensions for more details.


About PPL Finance Services

We offer access to a broad range of finance services, through a network of carefully selected alliance relationships with service providers that have the experience and the level of expertise required to provide guidence, assistance and innovative advice to best serve and protect the interests of our members. Learn more...

Keep in Touch

  This email address is being protected from spambots. You need JavaScript enabled to view it.
  +61 8 9355 5822
  +61 8 9355 5833
  Suite1/160 Burswood Road, Burswood Western Australia


View our Location

Latest News


Getting a home loan approved...

Your home loan will probably be the largest loan you ever take out. So it pays to...


Saving money in a Bank...

Bank accounts are an effective place to save money. Forget stashing your cash in the sock draw,...


Start your retirement planning, sooner...

When do you want to retire? What lifestyle do you want in retirement? Do you want to...


Saving on Home Insurance

      Home insurance protects your home against unexpected events like fire, natural disasters, vandalism, theft etc. The insurance...


What is the right retirement...

In Australia your employer will pay a percentage (legislated by governement) of your wage into a superannuation...


How to save when buying...

It is an exciting time the day you decide to buy your first car. For many it...


Three smart ways to use...

A lot of people deal with their own share of financial burdens primarily because of the not-so-smart...


Make Better Financial Decisions by...

Frugality is not about saving money. We all know, saving money is a big part of living frugally,...