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The big picture
For a business owner, investments and superannuation go hand in hand.
This means that you should consider them in tandem - from both your personal needs and from the company perspective. Together, they can make your money go further.
Your superannuation responsibilities
As a business owner, if you have any employees*, you have both statutory obligations – such as the Superannuation Guarantee Charge (SGC) – and discretionary obligations that make good business sense. Offering additional super, for example, can be an incentive that encourages and rewards loyalty and service from your employees.
On a personal level
For you and every employee - superannuation is an investment for retirement with significant tax advantages provided by the Government.
From a company perspective
Where your super is invested and who it is invested with are important decisions. That's because it will affect the investment return of your employees' super.
Westpac can help
What's more, by providing your staff with access to Westpac Financial Planners they can be guided through the maze of investment decisions, particularly when they retire or leave with substantial lump sums (such as super) to invest.
Whether it's superannuation or an investment, we have a solution that will help to meet the specific needs of your business, your staff and you personally. Ask us for advice now.
Other information about superannuation
The importance of super
The tax advantages of super
Choosing the right super solution
Other ways to help your employees