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Click here to receive your free quote
for Transition To Retirement |
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Retirement Planning can be the most important thing
you do in your life. With the increase in life
expectancies, your retirement can now easily last 30
or more years. If you have been enjoying a
successful lifestyle you do NOT want to be relying
solely on the Aged Care
Pension to provide for you in the latter
years of your retirement. |
Come and see us BEFORE you retire, and allow Ward Financial Group to show you the retirement position you are in. We can then develop
a strategy going forwards on how to maximise your
Retirement, and get the most out of your
investments.
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Retirement
Strategies
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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. |
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Making Use of Salary
Sacrifice and Contribution
Caps |
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With the constant changes in this area,
and the massive tax penalties for
exceeding the caps, it is critically
important to get the right advice to
ensure you maximise your entitlements.
And as current legislation will reduce
salary sacrifice limits to just $25,000
in 2012, people over 50 now have only a
few years to take advantage of the
$50,000 limit. |
Transferring Assets into
Superannuation |
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Many people accumulate significant
assets in their own names, or that of
trusts and companies. However, the tax
savings in retirement from having wealth
in Superannuation are now too large to
ignore. Talk to us about the strategies
for moving assets into superannuation,
and how to minimise any resulting
Capital Gains Tax. |
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Whether you are commencing your first
pension, or have existing pensions, we
can structure the right strategy for you
in this area. Sample strategies include:
• Maintaining access to enough funds to
meet your requirements for travel,
expenses etc
• Structuring your Pensions to ensure
you have sufficient income while you are
alive, but that there is still an estate
for your beneficiaries.
• Dealing with the complexities of
closing pensions from previous regimes,
including Defined Benefit pensions,
flexi-pensions, Market-Linked pensions
or TAPs. |
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Aged Care and Centrelink
Entitlements |
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We can provide advice around moving into
Aged Care, and the implications of
selling or keeping the original house.
We can also provide advice on maximising
Aged Pension entitlements. |
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We can project based on your existing
Superannuation and other assets what
your likely retirement income will be.
We can also create projections to show
you the impact of retiring at different
ages, and the likely effect and outcome
of any decision you may be
contemplating.
This can be an excellent way of
determining if your current approach
will be sufficient to provide the
retirement income you require to support
your desired lifestyle. |
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