SuperWrap case-study

Before his retirement, Sergio's SuperWrap account consists of his superannuation savings outside of his employer super fund which include's holdings in shares and managed funds. Employer and spouse contributions can be made into Sergio's SuperWrap account if relevant criteria are met. Had Sergio been self-employed he could have made personal contributions into his SuperWrap account and claimed a tax deduction on those contributions up to the limit allowed under legislation.

Sergio's SuperWrap account helps him to retain control and flexibility over his superannuation investments. He can choose to set up a regular retirement income stream through his SuperWrap account to suit his needs. He can also take advantage of optional Death or Death and Total Disability insurance.

On retirement Sergio may receive a Superannuation benefit from his super account. His payment will also include any member and spouse contributions. Alternatively, he may opt to continue onto a pension plan.

Find out more about when you can access your super in our 'Super section'.

On his retirement, Sergio can opt for an Flexible Pension Plan, or an FlexiblePension and a Account Based Pension Plan. These plans keep his investments in a favourable taxation environment while providing a regular income stream. The SuperWrap account can act as the hub for investing Sergio's super savings and managing his pension plan.

Read more about the types of pension plans in our 'Retirement' section.

Sergio can nominate his beneficiaries to receive any funds still remaining in his SuperWrap account when he dies.