According to the ATO, as of June 2020 there is $13.8 billion in lost super across Australia. This is defined as an account that is paid into by your employer and has remained idle due to the super fund being unable to contact you. Consolidation can be an important strategy to help improve the efficiencies of your fund. Please be mindful that it is important to consider the risks of consolidation as there may be insurances or other benefits which cannot be recovered once the fund has been closed down. Get in touch with us today to conduct a superannuation search.

Salary Sacrifice into superannuation is an arrangement where an employee chooses to contribute part of their pre-tax salary directly to their super fund. This reduces their taxable income, meaning less income tax is paid while boosting their retirement savings. It's an effective way to grow superannuation but requires consideration of factors like the Concessional Contributions Cap, Carry-Forward Concessional Contributions, and Division 293 Tax, which may impact higher-income earners.

When it comes to protecting your future, understanding the type of insurance you have is crucial. At Donmont Capital, we help you navigate the two main types of cover: Group Insurance and Retail Insurance. Group Insurance is often arranged through your superannuation fund and provides coverage for many individuals under a single, cost-effective policy. This “pooled insurance” offers affordability and convenience but may come with standardised features that might not fully meet your unique needs. Retail Insurance, on the other hand, is personalised coverage you purchase directly from an insurance provider. It offers tailored protection based on your specific circumstances and is typically more comprehensive, though it comes at a higher cost. Choosing the right insurance can make all the difference. Whether you’re looking for affordability or a tailored solution, understanding the benefits and limitations of your current cover is vital. Get in touch with us today to find out which option best suits your lifestyle and goals.

We provide tailored investment strategies to help build your wealth to fight the battle against inflation. At Donmont Capital, we can assist you in understanding and achieving your investment goals; whether that be looking at an investment property or constructing a share portfolio.

We provide personalised retirement advice to help you minimise your tax, maximise any government benefits as well as effectively manage your estate. At Donmont Capital, we want to make your transition to retirement as smooth and stress-free as possible so you can enjoy a well-earned, comfortable retirement. A Transition to Retirement (TTR) strategy offers a flexible approach for individuals who have reached their preservation age, allowing them to access their superannuation benefits while continuing to work. This strategy involves setting up a TTR Pension Account, which enables you to withdraw tax-free pension payments ranging from 4% to 10% of your balance annually, if you’re under the age of 65. To fully benefit from a TTR strategy, you will also need an Accumulation Account, where your employer’s Super Guarantee contributions can continue to grow your retirement savings. A TTR strategy can be a smart way to reduce working hours without sacrificing income or to lower taxable income by combining it with a salary sacrifice plan—ensuring your personal cash flow remains steady. It’s crucial to seek professional advice to understand how this strategy can fit into your retirement plan and maximise its advantages. Contact us today to explore how we can assist you in creating a tailored TTR strategy.

We provide the tools you need to review key areas of your spending to assist you in achieving financial stability. At Donmont Capital, we want you to have a better understanding of your income and expenses, as this builds on the foundation for achieving your goals to create a brighter future