Are you Planning for Retirement?
If you're approaching retirement, you may have a number of options to boost your savings. One strategy your might consider if you are aged 55 or over and still working, is a 'Transition to Retirement' strategy.
Our Transition to Retirement Strategy helps you:
- put part of your pre-tax salary directly into your super fund
- invest some of your super into a Transition to Retirement Pension (TRP), an income stream that draws on your super, and
- use the regualr payments from the TRP to replace the income your sacrifice into super
How will you benefit from our Transition ot Retirement?
- Allowing you to grow your retirement savings, without impacting the amount of money you have to live off
- Investing some of your business income in your super so you can also claim a tax deduction for your contribution.
- Allowing you to maintain today's income and standard of living while your reduce your working hours by drawing on your super.
Establishing a TRP is just one of a range of strategies that could help you get ahead.
To understand if this or other strategies are relevant to your unique circumstances, please contact our office to arrange an appointment by phoning 07 5531 3644
This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial advice prior to acting on this information.
Adapted from Source: http://www.mlc.com.au/mlc/im_considering_mlc/personal/advice/expert_advice/how_an_adviser_can_help/planning_for_retirement
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