“Into Retirement Planning”
Super, Pensions and Centrelink Strategies.
Your superannuation is often your main financial source when it comes to retirement. It is imperative that your superannuation is working effectively for you. Tax concessions and deductions are available when it comes to superannuation contributions. Strategies including salary sacrifice contributions, personal contributions and non-concessional contributions are all ways that you can take advantage of so your superannuation balance looks healthy once you approach retirement.
We offer strategic investment advice to trustees of self-managed super funds (SMSFs).
Planning ahead and having effective pension strategies should be in place years prior to retiring. There are specific questions that you need to consider as you approach retirement age;
- How long do you want to keep working?
- When do you think you would like to retire?
- How much do you have in your superannuation fund?
- How much do you think you would need to support yourself financially when you retire?
- Will you meet the requirements for the Aged Pension?
Successful retirement requires effective strategies in place so you have sufficient funds to live on. Structure your pension so you can be supported comfortably financially during retirement.
Centrelink provides the Age Pension as a form of income support for people who have reached the Age Pension age. The fortnightly payments by the Federal Government assist individuals with meeting living costs for people who meet specific criteria. Your age, marital status, and the income and assets test determine whether you meet the eligibility requirements.
The rules and regulations surrounding the pension eligibility requirements are complex. The legislation changes can make it difficult for you to understand. Having our expertise can assist with the application process and make it a smooth and stress-free experience. This minimises time delays as well as providing you access to your Health Care Card and other Government allowances that you qualify for.
Discuss your plans for your retirement with us today and create your superannuation, pension, and Centrelink strategies.
Not sure what your next steps should be to secure your financial future?
Schedule your 15 min no-cost or obligation discussion to see how we can best assist you.
No specific financial planning advice will be given during this initial call.
If you’re ready to discuss strategies around retirement planning in more depth, book a discovery meeting.
Small Business Succession Planning
Buy/Sell Agreement and Key Person exit strategies.
Estate Planning Strategies
Wills and Power of Attorney through your Solicitor or on referral.
Wealth Building and Protection
Investments, Insurance, and Superannuation Strategies.