Most people think of superannuation as a tax-favoured way of saving for your retirement. For employees, it is compulsory. For self-employed people, it is optional. For everybody, it is a great idea.
But superannuation is about more than retirement planning. It is actually a cornerstone of most people’s financial plan. This is because ‘super’ touches every other aspect of your financial planning. The way you manage your super impacts on how you manage your insurances, your other investments, your tax planning, your retirement planning, your marriage, your divorce, how and when you might help your adult kids out financially, your estate planning and even how you repay your own mortgage.
It is super by name and even more super by nature.
There are three types of super fund: retail funds, industry funds and self-managed superannuation funds. Different clients are suited to one or more of these types, and sometimes it makes sense to use more than one type in combination. We help you select the appropriate type of fund. We then help you make best use of whichever option you take. This is important because super can and should be incorporated into your thinking about everything to do with your finances.
If you decide to manage your own super (a ‘self-managed super fund,’ or SMSF), we assist with all facets of establishing and maintaining this fund. This includes liaising with external legal professionals to facilitate the production of all documents needed to start, and our advice on the assets you hold within the fund.
Director, Financial Planner, Mortgage Broker
Barry Lynam is the owner and operator of Barry Lynam Home Loans and Financial Services and Hibiscus Coast Financial Services Pty Ltd in sunny Mackay. He has been a Mortgage Broker for 12 years and has been actively involved in the finance industry for over 40 years. Barry offers a wide range of residential home loans and personal loans. In addition to this Barry is a fully qualified financial planner operating as a Corporate Authorised Representative of Axies Pty Ltd (a subsidiary of Spark Financial Group), offers advice about life insurance, trauma insurance, income protection, superannuation and investment advice.
Barry’s goal is to provide quality advice and then meet his clients’ goals and objectives so they can purchase their owner-occupied home or investment property with confidence. Barry will then also give the risk advice to protect the family and income.
Financial planning is a process of managing your finances to help you make the most of your available funds to achieve your goals and is totally committed to assisting his clients to terminate their mortgage and other personal debt while building wealth for their future; with appropriate protection in place should the unexpected occur.
Barry believes that the key to financial security is planning and commitment and will tailor a financial plan and provide ongoing personal coaching designed to offer the peace of mind to enjoy life now while building financial freedom for tomorrow.
Barry Lynam is an Authorised Credit Representative No 365748 of Ballast Finance Pty Ltd CAN 087051750 Australian Credit Licence Number: 366520
Barry Lynam is an authorised representative (343057) of Axies Pty Ltd (AFSL 339384).