Precision Wealth Management

Superannuation

Superannuation: Planning for retirement

Superannuation is a powerful, tax-effective tool designed to help you build savings for retirement. However, navigating the complexities of superannuation can be challenging without expert guidance.

At Precision Wealth Management, we specialise in providing personalised superannuation advice that aligns with your unique financial goals. Our financial advisers offer:

Comprehensive Superannuation Reviews: We assess your current superannuation setup, including fees, investment options, and insurance coverage, to ensure it meets your needs.
Tailored Strategies: Whether you're early in your career, approaching retirement, or already retired, we develop strategies to maximise your superannuation benefits.
Ethical, Independent Advice: As a privately owned firm with no outside influence from product providers, our advice is solely in your best interest free from conflicts of interest.

Principles of our work

1

Fees and Costs

Fees within your superannuation fund can significantly impact your retirement savings over time. It’s essential to compare administration and investment fees across different funds to ensure you’re not overpaying.

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Choosing a lower-fee investment option with a clear investment objective and an evidence-based approach, rather than remaining in a high-fee default option, can make a meaningful difference to your super balance at retirement and beyond.

2

Investment Options and Risk Profile

Different super funds offer various investment options, ranging from conservative to high-growth portfolios. It’s crucial to select an investment strategy that aligns with your risk tolerance, goals, and retirement timeline.

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Regularly reviewing and adjusting your investment choices when necessary, can help optimise returns and ensure your superannuation grows effectively.

3

Insurance Coverage

Many super funds provide default insurance options, including life insurance, total and permanent disability (TPD) cover, and income protection. It’s important to assess whether these insurance offerings meet your needs and if the premiums are reasonable.

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In some cases, you may prefer to arrange insurance outside of your super fund for better coverage or cost-effectiveness.

4

Performance and Fund Governance

A fund’s historical performance can provide useful context, although past performance is not indicative of future returns and should only be one factor in your decision.

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More important considerations include the fund’s investment objective, asset allocation, risk profile, governance structure, and transparency. Understanding how the fund is designed to generate returns and manage risk is key to selecting the right option for your retirement goals.

Superannuation FAQs

What is superannuation, and why is it important for retirement planning?

Superannuation is a government-mandated savings system in Australia designed to help individuals accumulate funds for retirement. Employers contribute a percentage of an employee’s earnings into a superannuation fund, which is then invested to grow over time. This system aims to reduce reliance on the Age Pension and ensure individuals have sufficient funds to support themselves in retirement.

How can I plan for retirement using my superannuation?

Effective retirement planning involves understanding your superannuation balance, investment options, and contribution strategies. Regularly reviewing your superannuation fund’s performance and making additional contributions, such as salary sacrificing or personal after-tax contributions, can enhance your retirement savings. Seeking retirement planning advice from a certified financial planner can help tailor a strategy that aligns with your retirement goals and financial situation.

Is it possible to retire early using superannuation?

Retiring and accessing your superannuation before your preservation age (typically between 55 and 60, depending on your birth year) is generally not permitted under Australian superannuation laws. However, once you reach your preservation age and retire, you can access your superannuation funds. Some individuals explore strategies like the Transition to Retirement (TTR) pension to supplement their income while still working part-time. It’s essential to consult with a financial adviser to understand the implications and ensure compliance with superannuation regulations.

What is the impact of capital gains tax on my superannuation?

Capital gains tax (CGT) applies to the profit made from selling an asset. Within a superannuation fund, CGT is generally paid at a concessional rate of 15% during the accumulation phase. If an asset is held for more than 12 months, the effective CGT rate can be reduced to 10% due to a 33% discount. In the retirement (pension) phase, capital gains on assets supporting a retirement income stream are tax-free. It’s important to consider these tax implications when making investment decisions within your superannuation fund.

How can I minimise capital gains tax within my superannuation?

Within superannuation, capital gains are generally taxed at up to 15%, with a one-third discount applying to assets held for more than 12 months. This effectively reduces the tax rate on eligible long-term gains to 10%.

Outside of superannuation, strategies such as holding assets for more than 12 months to access the 50% CGT discount, or managing the timing of asset sales, may help reduce capital gains tax. It’s important to seek personalised advice to ensure any strategy aligns with your broader financial and tax position.

Our Services

Retirement

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Superannuation

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Investment

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Aged Care

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Personal Insurance

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What Our Clients Say

Scott straight away listened to me, he very quickly understood my financial situation and advised accordingly.Excellent communication and advice given.Throughougly recommend! Thank you.

Kerry C

01:19 08 May 26

I was referred to Precision Wealth Management at a very stressful time and they were very accommodating of my situation which was a great relief. Scott listened to my needs and discussed options with me and what would be most suitable. I have felt well looked after and confident in the advice Scott provided and the implementation has gone well.

Audrey

03:52 13 Mar 26

I had the pleasure of an initial consultation phone-call with scott, and after discussing my specifics ( way longer then the 15 minutes) it was established that at this point in time a Financial advisor isn’t necessary for my relatively straightforward situation.Instead of leaving it there, Scott went well out of his way to assist me in gathering the information I needed to better understand my situation for no cost ( even though I insisted on paying for his time!).Because of his expertise I now feel confident and much more informed in how to best proceed going forward, which is to see an accounting expert.I will definitely look to enquire again in the future when my situation grows complex enough to need the expertise of Scott and the team at PWM.Thanks again Scott.

Corey D

07:02 11 Feb 26

Scott has been invaluable - very grateful for the team's excellent advice and efforts.

Kathryn Jones

04:45 24 Sep 25

Scott has been very helpful for us (I’ve never seen a financial planner before). Always very responsive, and very respectful. The service was tailored and he provided a comprehensive strategic strategy that was easy to understand.

Andrew Howe

06:04 04 Sep 25

Glenn was great to work with, got our super sorted and set us up for retirement, would recommend Precision Wealth Management to anyone needing financial advice.

Ross Best

08:20 04 Aug 25

Scott has been professional providing great advice and solutions.

Sameer Khare

23:01 13 Jun 25

Amazing customer service and excellent advice! Scott was able to help organise our finances and insurances better than any other company we have spoken with. Communication was always transparent and responses were very timely. Would definitely recommend!!

Elise Ford

07:30 07 Mar 25

Very professional and will guide you thru the most effective way to manage your finances helping adjust as time goes by. We have seen a major change since engaging Precision Wealth Management. Could not recommend highly enough, took quite a while to find someone we could trust.

Tracey Trickett

08:53 19 Feb 25

I have gained both knowledge and financial security through dealing with Precision Wealth Management and thoroughly recommend this company to anyone seeking assistance with their financial affairs.

Helen Goleby

01:25 14 Feb 25

Glenn and the team are great to deal with. Very professional and knowledgeable about insurances and superannuation funds.

Michal Janalik

22:45 12 Feb 25

Glenn and the team have been helping and guiding us for the past five years, and we can not thank him enough. The level of professionalism and service is second to none, with a clear explanation of all options and detailed information to support decision making.Glenn explains things in a very relaxed and conversational manner, making it easy to digest and understand.

Paul White

21:32 12 Feb 25

Glenn and his team at Precision Wealth have been our financial advisers for the past fifteen or so years.During this time Glenn has given us expert advise with their know how through financil gain over this period.We are now entering an early retirement being dept free and continue building our wealth with the ongoing guidance they offer accross the board.I would not hesitate in recomendingGlenn and the staff at Precision Wealth to anyone who wants financial freedom in the future.Opening up their office in the sunshine coast is a credit and tribute from all their hard work in a relatively short period since starting Precision Wealth and am sure clientel will build considerably in this area.Thanks.Brett and Carole.

Brett Martin

21:25 12 Feb 25

Whilst Christine and myself have been discussing our retirement future with Glenn and his staff members at Precision Wealth Management at North Lakes for quite a few years now. All during our business discussion with them, we have found them to be very helpful and a pleasure to talk to. Over that period of time we have build a wonderful friendship with Glenn and his staff, which is something very rare these days. I would recommend Glenn and his staff to anybody who requires any financial advice as they are very honest and helpful.I would like to wish Glenn and his staff all the best for their new adventure.RegardsAdrian and Christine Pearce

Adrian

10:58 12 Feb 25

I wanted someone who could help obtain the best outcome for me with my Superannuation and transition to retirement. My work super fund was too big, I was just a number! Glenn and his small team are excellent, professional, knowledgeable, local, honest and know their stuff. Big thanks to Glenn and his team, as I'm now financially stable and living the life in retirement.

Marelle Best

08:15 12 Feb 25

Always insightful and professional service.

Jim Snee

06:54 12 Feb 25

A good financial advisor firm which is highly recommended and they really know about and give good financial advice.

Paul Church

06:10 12 Feb 25

Scott and Glen are very knowledgeable and helpful with individualised advice. Would definitely recommend!

Nicole Dean

04:29 10 Feb 25

Being in a very vulnerable situation, I had to get a person who I could truly trust and other than having a conversation with PWM and some reviews I didn’t really know for sure who to go to or trust. Out of other companies I was looking at I chose this company because things are clearly set and laid out on their website which allowed me to investigate in my own time if I wanted to choose them. Comparison to other companies their website allowed me to think about my choices in my own time and then in the initial consult I could ask some questions to see if the answers lived up to the standards that I read about. After nearly one year of service, I’m so glad I trusted my gut and judgement on my research and what I saw and discussed in the first initial consult. A msg to pwm: I thought about the decision and researched the company and the people in it a long time before I made the consult. Apart from finances, I probably know a lot more about you than you do me! The internet is unreal! However, very important for people like me who need a lot of detail to make a decision like this. In all my stress or all the confusion I’ve had in my situation, I was never made to feel like I’m an inconvenience or I’m stupid because I didn’t understand something. I’m about to sign for another year of service. Scott is my financial planner and I know I'm paying for a service, however I’m still so grateful for treating me with dignity and promptness in my scenario.

MM Belle

08:18 23 Jan 25

Scott and Glenn really know their stuff inside out. I am so blessed to of found them, they help me with a lot of things and I can see an improvement in a short amount of time. Thank you to both of you.

Genevieve Lee

06:35 25 Sep 24

We were very happy with Scott from Precision Wealth. He guided & helped us set up for our transition to retirement. We would highly recommend Precision Wealth Management.Thank you Scott for your patience and professionalism.

Sally Patrikis

23:46 02 Aug 24

Fantastic help

Greg Lee

03:32 17 Apr 24

We have had a great experience so far with Precision Wealth Management. Glenn and Scott are hard working, personable and they really know their stuff and take the time to understand their client's goals. Any issues or questions have been handled with care and professionalism. When we were looking for a financial planner we really wanted to work with a local firm rather than a big company and Precision Wealth Management definitely fits the profile.

Dan J

08:41 10 Apr 24

We were referred by a friend to Precision Wealth Management. We were very impressed after our first meeting with Glen and Scott. We have now signed up and are already seeing the financial benefit's of having Precision Wealth managing our finances and my husbands recent retirement. We would highly recommend this company for their professionalism and communication to anyone looking for advice on managing your financial future.

Louise Hockey

02:34 31 Oct 23

Glen and his team are very professional

Mark Beeston

01:33 25 Oct 23

We tried another financial advisor and felt we would be doing most of the work, and we were going to be ripped off, especially that the fees and the process were not clear.Glenn on the other hand was very clear about the fees and the process and made our life so much easier with our parents’ pension application, even though it wasn’t a straightforward one. He did most of the work and handled the whole process very smoothly and with excellent outcome. Glenn and his team at Precision Wealth Management are excellent, and i would highly recommend them, Thanks heaps!

Ayah Rasheed

21:26 31 Jul 23

Precision Wealth Management deserves a massive mount of praise for the service, help and advice they gave me in dealing with managing my disability payout. They saved me a substantial amount of money and developed a long term safe financial plan for me.Dealing with my super fund was handled professionally by the team at Precision. I never had any problems getting progress updates. Even though Precision are interstate from my location, the communication was of such great quality it seemed like they were right next door.Glenn, Carly, Nicole and the whole Precision Wealth team are professional, experienced and explain things in way that you can understand. They managed the whole process for me without a hitch. I highly recommend them in regards to any financial help. I cannot thank them enough for the guidance I was given. Thanks Precision!

03:34 13 Oct 22

Glenn has been our bedrock with the complex financial issues that surrounded our disability insurance, consolidation and planning of superannuation and other significant areas which we had yet to give thought to. He is extremely professional yet warm, and insists on treating you as his only client. His fees are very good considering he is so flexible, and only takes the minimum time to allay fears and use his connections to ameliorate problems. The best advisor we've ever engaged!

MSB MVB

03:22 15 Feb 22

Glenn is always more than happy to help. After feeling ripped off by other financial advisors in the past, Glenn has earned our trust by being honest about expectations and completely transparent about any fees involved.

Katie Richardson

06:12 05 Jul 21

Thanks to Glen for providing such great, trusted help for me to plan my retirement. Glen provides a very clear vision of potential outcomes and had some great ideas about how I could optimize my assets to provide me with a comfortable retirement. Thanks Glen!

Jennifer Padman

02:15 14 Apr 21

I am very pleased with the service Glen provided. His knowledge and experience were appreciated. Glen went the extra mile to insure my happiness. His attention to detail, is unmatched, and I feel that he is an overall good person. I would recommend him to anyone looking for financial adviceRobert Preister

Robert Preister

01:53 06 Jul 20

Glen is amazing at what he does. The advise and direction he has offered towards me and my family have given us reassurance that our personal insurance is done correctly. Our superannuation is going in the right direction and we have a plan for our retirement.Thank you so much Glen

Cameron Sleep

11:06 23 Jun 20

Precision Wealth Management was recommended to me and I am only too glad to do the same to others. Glenn Hilber guided (in easy terminology) both my husband and myself (seniors) so we could achieve all our later life goals. His response time is flawless and makes you feel as if you are important and you do matter.

Susan Plumeier

01:34 11 Jun 20

Precision wealth have gone above and beyond our expectations to ensure we have the best possible investment strategy and support to implement the plan to secure our future.

Raija Taylor

21:07 10 Jun 20

Honest, helpful, knowledgeable and easy to deal with!

Terry Hogan

10:11 10 Jun 20

If you are looking for honesty, professionalism, expertise and down to earth financial assistance then I certainly recommend Glenn Hilber from Precision Wealth Management.Glenn takes away the stress of understanding financial options.In several years of knowing Glenn, he has been outstanding, always ahead of timelines which is a weight off my shoulders.

Redcliffe Garden Centre

08:19 10 Jun 20

Glenn (owner PWM) looks after me - keeps in touch and keeps me well informed. I would highly recommend his services.

trev lum

06:04 10 Jun 20

Big thank you to Glenn for helping sort out my superannuation. Without your persistence, I'd still be stuck in limbo. It's been a relief to have it all sorted out so professionally

Genni Gregory

04:56 10 Jun 20

Totally honest advice. Helpful & goes beyond to provide a service that matched my needs

Ken Smith

04:44 10 Jun 20

Glenn is fabulous. Professional clear and concise. Make things easy to understand regarding finances, income protection, super etc. Highly recommend.

Katie Maclean

03:33 10 Jun 20

PWM has handled my Insurances and Super management for the last couple of years. Trouble free service by Glenn and his team.

vanbox66

02:16 10 Jun 20

I have known Glenn for quite a while now and I run a finance Broking business located called Dream Financing. I have many clients using Precision Wealth Management's services and they are all very happy. I would no hesitation in using Glenn or referring him to friends or clients. He is honest, ethical, knowledgeable and is not a salesman pushing products you do not need. If you have not have a financial health check recently then it is time you need to see Glenn!

Brenton Pavey

00:35 19 Jun 19

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Superannuation Advice and Planning

Contact Precision Wealth Management today for superannuation advice you can trust.