As a result of legislative changes, you can now
commence a pension from your superannuation once you
have reached preservation age (which is presently
55), without the need to retire.
This has created the opportunity for you to
restructure the way you presently receive your
income, such that you can retain your present level
of income, but potentially significantly increase
the balance of your superannuation when you retire.
The Strategy consists of the following:
-
Commence a Non-Commutable Allocated Pension with
your existing Superannuation (known as an
Accumulation account). The income from this
pension is added to that of your normal
employment income.
-
You then Salary Sacrifice from your employment
income into Superannuation an amount so that
your overall Net Income remains unchanged. These
contributions are taxed at 15% rather than at
your marginal tax rates, and will remain in your
"Accumulation" account until your retirement.
The Benefits of this Strategy are:
-
You Retain the same level of Net income.
-
You will have a Higher superannuation balance
when you retire.
-
Which allows for a Higher pension income in
Retirement.
Do not miss out on this opportunity to improve
the quality of your retirement lifestyle!
What You Need To Know
For most people the Transition to Retirement
strategy should be commenced at Age 55, and
continued until they Retire (usually around Age 65),
which means for most people this is a 10 year
strategy.
The Calculations to properly implement the
Transition to Retirement strategy are NOT easy. The
simple choice of what level of Pension to draw can
impact the benefit you receive by up to $100,000. If
your adviser suggests this is a simple calculation
then he clearly does not understand the strategy
properly.
What
Transition To Retirement Can Do For You
If you would like to request a FREE "Benefit
Assessment" of what the Transition to Retirement
Strategy may be worth to you, please contact us on:
Phone: 1800 669 778 or
E-Mail:
TTR@wardfg.com.au
If sending us an e-mail please note we require the
following information:
- Your current Age
- Your intended Retirement Age (Optional: Will
assume 65)
- Your present level of income
- Your existing level of superannuation
contributions
(Optional: Will assume the standard 9% SGC)
- Your existing Superannuation Balance
- Tax Free Component of your Super Fund
(Optional: Will assume Nil)
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