Superannuation
Superannuation is an investment structure that enjoys special taxation treatment to encourage people to provide for their retirement. Most investments held by an individual, whether they are Cash, Fixed Interest, Property, or Shares, can also be held through the superannuation structure.
The advantage of Superannuation is that investment earnings are taxed at a maximum of 15%, compared to investments held in your personal name which can be taxed at up to 46.5% (including Medicare levy). In addition, if you convert your superannuation into a retirement income stream this tax reduces to 0%.
Retirement
Retirement is a very important time in your life and it is important to discuss your needs prior to stopping work to ensure that you make the best decisions for funding your lifestyle and to ensure that you receive an effective income from your superannuation, government assistance, private savings and investments.
At Jeffrey P Whitton & Associates our retirement planning process will help you answer the big questions in relation to retirement:
- Can I afford to retire?
- How much superannuation will I need to accumulate for a comfortable retirement?
- Where should I invest my money?
- What other investments do I need?
- Is my retirement planning strategy tax efficient?
- What is my financial strategy prior to and during retirement?
- Can I obtain social security entitlements in retirement?
- Can I ensure that I have sufficient funds to last my throughout retirement?
At Jeffrey P Whitton & Associates we will help you achieve a better outcome than simply doing nothing. The earlier you start your retirement planning the better. The retirement strategy we create together for you, will give you the best opportunity to retire stress-free from financial concerns, providing you with peace of mind and allowing you to enjoy your retirement.
Information on this site may be regarded as general advice. That is, your personal objectives, needs or financial situations were not taken into account when preparing this information. Accordingly, you should consider the appropriateness of any general advice we have given you, having regard to your own objectives, financial situation and needs before acting on it. Where the information relates to a particular financial product, you should obtain and consider the relevant product disclosure statement before making any decision to purchase that financial product.
