Did you know that once you reach your Preservation Age, it is possible to reduce your work hours without it affecting your weekly pay or your final retirement income?
Transition To Retirement (TTR) strategies can assist you to ‘get ready’ for retirement by: creating focus and planning around your retirement goals, increasing your super balance through salary sacrificing arrangements, decreasing your taxation liabilities, and providing more flexibility in your work arrangements.
TTR strategies can also provide access to your superannuation, giving you more options for work / lifestyle balance. As part of a Transition To Retirement you can: transfer your super into a super pension account, decrease your work hours and draw an income to supplement your wage. This will mean that you will have more time to focus on what is important in your life. If set up correctly, you will be no worse off, and you can still continue to grow your super balance through salary sacrificing and tax benefits.
Transition To Retirement strategies give you time to enjoy life before you ‘clock off’ permanently. Click HERE for more information and to register your interest.
Testimonial – “I reached my preservation age a couple of years ago, and started thinking that I needed a plan for retirement. I met with Steve Skeen, and once he reviewed my personal and financial circumstances and goals, he developed some TTR Strategies that were just right for me. I now have a great plan, have opened up a super pension account, am salary sacrificing, and have set my retirement date. I am really excited for my future. Thank you Steve. Cheers…John J.”
You should always seek financial planning advice from an experienced company, before setting up a Transition To Retirement. This will ensure that all of your personal, financial and taxation circumstances are taken into account, before tailoring a plan that suits you.
A Financial Planner can: undertake a full review, make recommendations, develop personalised TTR strategies, liaise with your superannuation company, set up your pension account, do the maths (which is most important), and provide information for your employer……all without you lifting a finger. The best thing is that the one-off set-up charge can be paid by your superannuation account, so you’ll never have to open your wallet. All you’ll have to worry about is planning what you’ll do with all of your free time.
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