Pensions

Retirement Income Strategies

Statistics show that the average Australian is in retirement for 20 years or more. This is a long time to support yourself without a job, and your government pension is not likely to cover all your needs, so finding a steady long-term source of income is of vital importance. We will explain all your options for managing your pension and the most effective ways of generating income to complement it.

Transition to Retirement Strategies

Come in and talk to us about the possibility of rolling over your Super from your accumulation Super fund into a super income stream. This way you will receive regular income payments from your Super income stream, and like any other investments the returns received will be subject to market movements.
You will not be taxed on your Super income stream earnings (interest and dividends). If you are 60 or over, there is no income tax on either lump sum withdrawals or on the regular income payments, however taxes still apply to the taxable component of death benefit lump sums to certain beneficiaries.

Are you over 55? Then you can begin to receive payments from your Super fund, even if you are still working. You can switch to part-time work or a take on less demanding role without having to reduce your income. Ease into full retirement by complementing your income needs with regular payments from a Super income stream. Another option is to significantly increase your current Super balance, You will benefit from tax benefits by salary sacrificing larger sums into your super and be able to supplement your income with regular payments from a super income stream.