United magazine Summer 2019

UNCOMPLICATE
YOUR SUPER
SUPERANNUATION JARGON CAN BE VERY CONFUSING
Concessional contribution caps, indirect
cost ratios, aged-based strategies,
auto rebalancing, tax rebates, transition
to retirement, reversionary pensions.
This may as well be a foreign language
for most people.
But taking steps to put your super in order
and get on the right track to make
the most of your retirement savings
doesn’t have to be complicated at all.
All you need are long-term sustainable
investment returns, great service to help
you manage your super, and good financial
advice when you need it.
LONG-TERM SUSTAINABLE
RETURNS
Super is a long-term investment. If you
want to enjoy the best possible retirement,
you need to earn good sustainable
returns on your super for the next
thirty, forty or even fifty years.
That’s why it’s so important for your
super fund to have a genuine long-term
responsible investment strategy.
Some investments may generate high
returns in the short term but they can
pose significant risks to the community
and the environment. These risks may
seriously erode the value of some investments
over the long term.
At LGS, we carefully assess the environmental,
social and governance risks of
every investment decision we make to
ensure that we earn long-term sustainable
returns for all our members.
In fact, LGS is one of just a few super funds
in Australia to be certified as a response
super fund by the Responsible Investment
Association of Australasia (RIAA).
GREAT SERVICE TO HELP
YOU MANAGE YOUR SUPER
A high number of Australians still
have up to two or three accounts with
different super funds. While this may
suit some, many people may benefit
from combining their accounts with just
one really good super fund.
It’s now much easier to combine your
super accounts, but one quick call to
LGS and we can guide you through the
process and make sure you’ve got everything
in order.
We can also give you information on
contributions, different investment options,
insurance, and explain how we
invest your money.
You can also use LGS Member Online to
manage your super when it’s convenient
for you or you can download our mobile
app to your device.
GOOD FINANCIAL ADVICE
WHEN YOU NEED IT
While you may not need financial advice
when you first start work, it can be very
valuable when you’re going through major
changes in your life such marriage,
children, a career move or divorce.
And of course, when you start to seriously
plan for your retirement, getting
some expert financial advice can help
you make the right decisions about your
long-term future.
In fact, recent research* shows that
more than 80% of people who received
advice feel prepared for retirement compared
to just over 30% who received no
advice at all.
Good financial advice can help you
work out how much super you’re likely
to need and how long it will last. You’ll
also be able to find out the best ways to
maximise your super so you can enjoy a
well-earned retirement.
At LGS, none of our financial planners
receive any bonuses or commissions, so
their number one priority is you. Their
job is to help you grow your super and
plan for the best possible retirement.
LGS CAN HELP YOU
LGS has been helping people make the
most of their super for more than 20
years and you don’t have to work for local
government to be a member of one
of the most responsible and sustainable
super funds in Australia.
And you don’t have to be a member of
LGS to get good financial planning advice
that’s tailored to meet your needs
and also good value for money.
To find out more, call us on 1300
LGSUPER (1300 547 873) between
8.30am and 5.00pm, Monday to Friday,
or visit lgsuper.com.au
* AFA, CoreData 2018
This article has been issued by LGSS Pty Limited (ABN
68 078 003 497) (AFSL 383558), as Trustee for Local
Government Super (ABN 28 901 371 321). This document
contains general information only and does not take into
account your personal objectives, financial situation or
needs. Accordingly, you should consider the information in
the context of your personal circumstances before making
any financial decision.
November 2019
32 • United Summer 2019