It’s totally legal to use your money and time wisely; so if you are between 55 and 65 years of age and still working you may be able to transfer your personal super to a super pension and withdraw between 4% and 10% of your balance each financial year.

What’s in it for you?

• This gives people the opportunity to cut down on some working hours and maintain their lifestyle
• Meanwhile your super balance is still growing as your employer continues to make contributions
• You can further boost your super by salary sacrificing
• Employer and salary sacrifice contributions are taxed at a low rate. This may be lower than your marginal tax rate
• When you turn 60 you won’t pay any tax on your pension income


Valuing experienced workers.

The PwC Golden Age Report has concluded that benefits of an older work force could be worth up to $78 billion to Australia’s economy.

As we are living longer we also need to consider working longer. Older Australian’s often find it difficult to find a job after 50. Our social views need to change and the realisation that an active old age creates a healthier, independent generation is vital to our economy and older people in our community living a healthy life of inclusion.

Companies need to establish patterns of flexibility to maintain our elderly population in the work force including giving older people more opportunities to improve their skills in the workplace. Working together towards a Transition to retirement (TTR) may be the answer.

There are a plethora of options to consider and our financial planners are open to discuss and plan a strategy that will meet your requirements. Please contact us on: (03) 5976 8426