Superannuation

Recent Changes

Recent changes to superannuation have created enormous opportunities for you to grow your retirement savings. The major changes include access to superannuation after age 60 – tax free.

We can advise you what the changes mean and how best to take advantage of the generous taxation concessions now available for superannuation investments.

Retirement Strategies

Are you 55 and still want to work part-time?

By commencing a Transition to Retirement Income Stream (TRIS) using superannuation, you can receive a regular income stream to top up your reduced salary.

This is a tax effective strategy as the pension income is tax free from age 60 onwards. Prior to age 60 the pension is assessable income which attracts a 15% tax offset.

In addition, the investment earnings on your superannuation will also be tax free.

The minimum pension is 4% of the account balance while the maximum pension is 10% until you decide to retire.

Salary Sacrifice

Do you want to boost your superannuation savings?

Salary sacrificing part of your salary to superannuation may be a tax effective strategy to help build up superannuation leading into retirement. A salary sacrifice strategy works very effectively with the commencement of transition to retirement strategy for those over age 55.

Co-Contribution

Would you like the government to contribute to your superannuation?

The government's co-contribution scheme will contribute up to $1,500 when a

co-contribution of $1,000 has been made. To participate in the scheme your taxable income will need to be less than $58,980 per annum.