Retirement can seem an eternity away; however, there are many advantages to pre-retirement planning that will allow greater control later in life.
With life expectancies increasing – retirement may last longer than you think (it can represent up to 25% of your life).
There are many questions to address and in order to create a strategy consistent with your wealth, aspirations and reality - a Capstone Adviser may consider one of the following or alternative strategies:
Superannuation
One of the most tax effective forms of wealth creation, ensure you maximise your Superannuation potential. Includes contribution and withdrawal advice and potential Superannuation opportunities.
Salary Sacrifice
A tax effective strategy where an individual may be able to invest greater levels into their Super to boost retirement funds.
Transition to Retirement
Transition to Retirement strategies are tailored to suit your circumstances. They take advantage of Superannuation rules that allow you to roll some or all of your Superannuation monies into a non-commutable allocated pension. This provides a regular tax effective income that you combine with your take home pay.
Allocated Pensions
An allocated pension is an account that will provide you with a regular income stream from your Super savings. The income stream will generally be available to you once you retire from the workforce on or after your preservation age or attaining age 65.
