Transition to Retirement

Changes made by the government to superannuation, allow for people who are aged between 55 and 65 to access their super, without the need to retire.

This change has been enacted to offer Australians more flexibility in how they work in the latter years of their working life, and allow these people to subsidise their employment income with an efficient income stream from super.

Conversely, these changes may be used to increase your super balance, by reducing your overall tax when used in conjunction with a salary sacrificing strategy.

If you are a person who:

•  is aged between 55 and 65, or approaching 55
•  wants to grow your superannuation balance
•  is thinking about working flexibly or part-time
•  is interested in financial strategies that may assist in reducing your taxable income
 
then a building for retirement income stream is something you should enquire about.