The Younger Generation’s Retirement Roadmap

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National Conference 2024

This session navigates the suitability of SMSFs for younger generations, outlining effective strategies to close the gender gap, maximise retirement savings, and long-term investment considerations. Jo will cover innovative strategies like escalator salary sacrifice and parental contributions, plus balancing super savings with life goals to highlight the long-term impact these strategies can have on one’s retirement. The session will evaluate the fit of SMSFs for young individuals, will address risks and benefits, and offer practical tips for advisors in engaging and supporting younger clients with SMSFs.

Following this session you will be able to:

  • Gain insights into how SMSFs can fit into the retirement planning of young individuals, assessing their appropriateness based on factors like long-term benefits, risks, and individual circumstances.
  • Learn about innovative approaches such as escalator salary sacrifice and parental contributions, and how to effectively balance superannuation savings with other life goals, particularly in closing the gender gap in retirement savings.
  • Acquire practical skills to understand the unique needs of this demographic and effectively engage and support younger clients in their SMSF journey.

The contents of this resource are taken to be correct at the time of publication.

Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association