Super's True Believer
One of Australia’s leading independent superannuation advisers and financial planners, Dixon Advisory executive chairman Daryl Dixon, remains a true believer in saving through super. As he suggests in today's interview: "Superannuation is the best way to own shares, especially when you take into account the dividend imputation system for Australian shares."
Dixon has been a leader of the fee-for-service push for financial planners as well as a campaigner for an improved superannuation system.
In the attached video interview, Dixon tells investors what he believes has been the most successful approach to investing in Australia. His views will be very useful to anyone who feels pressured to invest in overseas markets as returns from the local stockmarket are expected to soften in the year ahead.
Based in Canberra, Dixon has always kept a close eye on government policy in superannuation. He says Mal Brough, Assistant Treasurer and Minister for Revenue, is one of the most successful government leaders in this area.
Dixon also says we can’t expect much more in the way of reform, although he would like to see larger superannuation contributions permitted at an earlier age.
The problem for most people is that they don’t make use of the highly tax-effective investment avenues provided by super, avenues better than negative gearing.
Disclosure: Michael Pascoe is a client of Dixon Advisory.