Retirement Planning2019-01-29T10:47:41+08:00

Retirement Planning

Helping ensure you have enough money to live on when you stop working.

Your retirement income can come from many sources  such as:

  • interest on cash and term deposits
  • dividends from shares
  • rental income from property
  • the government age pension
  • by rolling over your accumulated super into an allocated pension

An allocated pension is a tax effective income stream, or pension, payable to a retiree from a pool of assets deposited for this purpose.Your roll over money (from the ‘accumulation ‘phase) is credited to an individual account in your name, and you use it ideally to live of for the rest of your life. It can be supplemented by the Age Pension in some circumstances .

The maximum (in most circumstances ) you can have in a pension phase is $1.6m. Under current legislation all investment earnings are tax-free ! Some government and defined benefit schemes have different rules.

  • How do I set up an allocated pension?
  • What is the cost of an allocated pension?
  • Where is my money invested in an allocated pension?
  • Can I access my money in an allocated pension?
  • What happens to my allocated pension when I die?
  • What is a reversionary beneficiary?
  • What is an annuity?

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