There are a number of things you can do in the lead up to retirement to make your financial future more secure.
Make Additional Contributions to your Super – You can top up your super with some of your non-super savings, making it a more tax-effective way to save. if you’re self-employed, or earning little income from an employer, or not working at all, you may be able to claim super contributions as a tax deduction.
Receive a Super Top-Up from the Government – If you earn lower amounts you may be eligible for additional contributions via the Government Co-Contribution. Visit the ATO website for more details.
Salary Sacrifice into Super – If you are an employee, you may be able to put some of your pay straight into super. Visit the ATO website for more details
Transition to Retirement – If you are aged 55 or older, you may be able to turn some of your normal income into a more tax-effective income from super. More details here
Are your retirement plans on track?
We can help you plan for retirement, no matter when you decide to stop working. Whatever your retirement goals are, we can help give you the best chance of doing exactly what you’ve always wanted to do.
While there’s no substitute for starting to plan early for your retirement, it’s never too late to get the advice you need. In fact, there’s some real benefit to getting professional financial advice before you plan to leave the workforce.
We can help you work out an effective retirement strategy and provide tailored advice to help you plan for your retirement, no matter your stage of life.
Request an obligation-free appointment today to discuss ways we can help make your retirement plans a reality.