CALL US: (07) 3367 0999 | EMAIL US:

Accountants Milton

Salomone Accountants is a specialist accounting firm situated in Milton, providing accounting, taxation and compliance services to small and large businesses, professional individuals, property investors and share investors primarily in the suburbs Red Hill, Milton, Spring Hill and Rosalie of Brisbane.

What we do

The team at Salomone Accountants delivers services including preparing financial statements, tax returns and cash flow budgets that go beyond compliance to meet the tailored needs of our clients. Our services are designed to offer you strategies to build your revenue, maximise your profits and grow your personal wealth.

Who are our clients

We provide professional accounting and tax services to individuals, businesses, retirees and self-managed super fund trustees. Most of our clients are locals from the Brisbane suburbs of Red Hill, Milton, Spring Hill and Rosalie.

Specialist services

We provide specialised advice in the establishment and administration of a self-managed super fund (SMSF). We are experienced in mentoring business start-ups to help fast track your business to success. Our expertise covers a range of industries, in particular, property investors, small and large businesses, professional individuals and share investors.

Professional standards

Our professional team of Milton based accountants are dedicated to extensive professional development to ensure you receive timely and accurate accounting and tax advice. Our services extend to business planning strategies to best meet the strategic needs for small to large sized businesses. We pride ourselves on our hands on practical approach to business, tax and financial services. As we work with you to use the right accounting software, you will find fast turnarounds on compliance based work and tax returns.

At Salomone Accountants, we aim to deliver personal service every time with our accessible Milton location, after hour appointments and ongoing communication. If you are interested in taking a more innovative approach to your accounting, tax, business and financial needs call us today on 07 3367 0999.

Business
advice

taxation
planning

compliance
services

News

Millenial & Gen Z – Preparing For The Future With Superannuation

May 13, 2024

Millennials and Gen Z are facing some of the most difficult challenges when it comes to financial priorities.

Between paying off HECS debts/HELP loans and saving for a first home, these immediate concerns can often overshadow long-term goals like retirement planning.

Amid these immediate concerns, it’s easy to overlook long-term goals like retirement planning.

However, when it comes to securing our financial future, superannuation planning should be a top priority. Superannuation planning is crucial for millennials, and starting early can significantly impact your retirement security.

Starting Early: The Power of Compound Interest

One of the most compelling reasons millennials and Gen Z should prioritise superannuation planning is the power of compound interest. You can use compound growth over time by starting early and consistently contributing to our superannuation funds.

Compound interest allows savings to grow exponentially, as interest is earned not only on the initial contributions but also on the accumulated interest over time. This means that the earlier you start contributing to our superannuation funds, the more time our investments have to grow, ultimately leading to a larger retirement nest egg.

Maximising Savings: Strategies for Building Wealth

While starting early is key, maximising our superannuation savings requires strategic planning and disciplined saving habits. Millennials and Gen Z can use various strategies to boost their superannuation balances, such as salary sacrificing, making additional voluntary contributions, and taking advantage of government contributions.

Contributing more to your superannuation funds can set yourself up for a more financially secure retirement later.

Long-Term Impact: Building Retirement Security

Beyond the immediate benefits of starting early and maximising savings, superannuation planning is crucial in building long-term retirement security.

As millennials and Gen Z are undoubtedly aware, the advantage of time is on their side, allowing them to weather market fluctuations and take a long-term approach to investing.

By consistently contributing to your superannuation funds throughout your working lives, we can create a reliable source of income to support us in retirement and enjoy a comfortable lifestyle in our later years.

Moreover, with the rising cost of living and uncertainty surrounding government pension schemes, it’s more important than ever for millennials to take control of their financial futures through superannuation planning.

With active management of your superannuation investments and staying informed about changes in regulations and market trends, you can ensure that you are on track to achieve your retirement goals and maintain financial independence in your golden years.

Superannuation planning is a crucial component of financial planning for millennials and Gen Z alike, offering the opportunity to build wealth, take advantage of compound interest, and secure our financial futures.

By starting early, maximising savings, and taking a proactive approach to retirement planning, you can set yourself up for long-term financial success and enjoy a comfortable retirement lifestyle.