At the time of approaching retirement, it is critical that you understand and are aware of the decisions you need to make with regard to taking your superannuation as:
- a lump sum
- regular income stream or
- a combination.
The choices you make can impact on how much tax you pay and whether you qualify for the age pension. Court Financial Services can assist you to make the right decisions at this very important time.
Transition to retirement
Some people prefer to ease out of the workforce by reducing their work hours before full retirement. Transition to Retirement rules allow you to access your superannuation early while you are still working and salary sacrifice your before tax income.
Court Financial Services can help you identify whether you are eligible for Transition-to-Retirement strategy. It can be very beneficial however it is important to understand the eligibility criteria.
For more information about your retirement income options and Transition-to-Retirement, contact Court Financial Services on 9429 9775.
Court Financial Services FSCG.
This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. Court Financial Service Pty Ltd (ABN 98 102 474957 ), is an authorised representative and credit representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee.