Superannuation & Retirement Planning

Most people begin to think about financial Retirement Planning shortly before they actually retire. The most effective income stream in retirement comes from superannuation and therefore Retirement Planning should occur as early as possible.

Superannuation has always involved complex government rules and regulations. The staff at Lifewealth are all trained to help you through the superannuation maze to ensure your retirement income is maximised.

Lifewealth believes that clients who expect to have substantial superannuation are wise to establish a Self Managed Superannuation Fund. This gives you more control over your superannuation, allows you greater flexibility in your investment choices and has the potential to favourably support your estate planning.

Lifewealth clients typically outsource the accounting, taxation compliance and administration of their Self Managed Superannuation Fund to our accounting and taxation affiliate Lifewealth Partners Pty Ltd.

We strongly recommend that you consider your retirement strategies as early as possible to ensure that you experience a seamless move financially from your working life to retirement.

Retirement planning requires specific strategies to:

• Ensure debt reduction
• Minimize taxation and particularly capital gains tax
• Maximise superannuation contributions in the years prior to retirement
• Transition to retirement strategies
• Maximise income streams, whilst ensuring capital is wisely invested for the long-term
• Where appropriate, to utilise the benefits available through Centrelink