Client Success #4: A Fresh Look at Super
Projected retirement uplift: $416k
We met a woman who had recently taken on a mortgage and wanted to be sure her super was invested well. We took the time to understand what she needed, then moved her super to lower fees and put cover in place for her income. Her super is now projected to be $416k higher at retirement.
Client Snapshot
- Single
- Recently took on a mortgage
Their Goals
- Check her super was invested well
- Protect her income now that she had a mortgage
The Challenges
- Her super didn’t seem to be growing as she’d hoped
- The new mortgage meant more now depended on her income
Our Strategy
- Moved her super to a lower-cost fund with a stronger investment structure
- More than halved her super fees
- Put an insurance strategy in place for her income and home
- Structured her premiums to be tax deductible
The Outcome
She’s paying less in fees, has cover in place for her income and home, and her super is projected to be $416k higher at retirement. As with any policy, the insurer assesses the claim.
- Projected retirement uplift
- $416k
- Immediate value
- $1,173 a year
- Super fees reduced
- $693 a year
- Estimated tax saving on premiums
- $480 a year
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