Make the Most of Your Defined Benefit Super
Defined benefit super schemes can be complex, but understanding how they work is key to making informed decisions. In our experience, clients who fully understand their scheme feel more confident and empowered, knowing they are maximising the value of what they have worked hard for.
At River City Financial Planning, we have extensive experience in providing specialist financial advice on defined benefit super schemes, including:
- Commonwealth Superannuation Scheme (CSS)
- Public Sector Superannuation Scheme (PSS)
- QSuper Defined Benefit
We will clearly explain your options in plain language, helping you navigate the intricacies of your scheme – from understanding how your end benefit is calculated to the calculating the best time to retire under your scheme’s rules – so you understand what is available to you, and how to make the most of it.
What is Defined Benefit Super?
Defined Benefit Super funds operate differently from regular super accounts. Instead of your balance being tied to market performance, your final payout is calculated using a set formula. This formula usually includes:
- Your final average salary before retirement
- Your total years of service
- Contributions made by you and your employer
Each defined benefit fund has its own unique structure – often with features (and quirks) that aren’t immediately obvious or widely known, even by the office expert. That is why it is essential to understand how your specific fund works. With the right advice, you can make informed decisions and significantly improve your retirement outcome.
How We Help You Maximise Your Defined Benefit Super
With decades of experience in defined benefit superannuation, we offer expert guidance to help you get the most from your fund. Our services include:
- Personalised financial advice tailored to your specific fund and circumstances
- Clear, practical guidance on the optimal time to retire based on your scheme’s rules
- Strategic planning to maximise your retirement benefits
- Tax-effective strategies to help minimise your retirement tax liabilities
Gain clarity and confidence about your superannuation defined benefits with expert advice from River City Financial Planning.
Understand Your Defined Benefit Super with Expert Advice Today
Understanding your defined benefit super is one of the smartest steps you can take for a secure financial future. With advice tailored to your specific scheme, you will gain greater clarity, confidence, and control as you plan for retirement – and you will be better positioned to maximise the money you have worked hard to earn.