Retirement Planning

Retirement should be one of the most rewarding parts of life’s journey – a time when we finally get to enjoy our achievements and spend more time with the people we love. And the plan for a better tomorrow starts today.

The truth is the sooner you start to plan for retirement, the better your options are. Our expertise in retirement and super planning includes specialist knowledge of wealth management and self-managed super funds (SMSFs). By planning your retirement early, we can help you towards the retirement lifestyle you deserve.

It is suggested that you should aim to have about 60 – 80 per cent of your final pre-retirement salary as income in retirement.

For example, if you were to retire tomorrow on a pre-retirement salary of:

  • $80,000 pa, you would need at least $48,000 to maintain your current standard of living
  • $180,000 pa you would need at least $108,000 to maintain your current standard of living

The exact amount of money you will need, however, will depend on what you hope to achieve in retirement. If you would like to venture overseas or buy a holiday house in the country, you will need to have the money put aside to fund these dreams.

The level of savings you will need for your retirement ‘nest-egg’ will also depend upon when you want to retire. The earlier you plan to retire, the longer you will spend outside of the workforce without your regular income. As a result, you will need to have more money put aside to support yourself throughout those additional years.

A sound financial plan can be your first step to a secure financial future. Among other things, a plan details how much you should put aside now in order to achieve your desired lifestyle in retirement. Your finances are then structured so that this level of saving is achievable.

With a secure financial future, you will be able to have the kind of retirement lifestyle you have always wanted.

We can assist you to prepare for retirement by helping you to restructure and more effectively organise your assets to optimise their long term after-tax income benefits.

By optimally structuring your retirement savings arrangements you can achieve significant gains.

A personally tailored Retirement Income Plan prepared by us will provide you with a comprehensive document that clearly sets down the actions you will need to take to tax-effectively structure your income in retirement. These include:-

  • Strategies to optimise the structure of your Superannuation account balances and personal assets, for income tax purposes;
  • Recommendations on the type and structure of your Superannuation Pensions and a projection of your income streams in retirement;
  • Assessment of your eligibility to access Centrelink Benefits;

If you would like more information, please Contact Us.