Retiring Soon

Retire from work; reinvigorate life 

We have the time to talk to you about your retirement and can connect you to specialist advisers.

What's your vision?

Be idealistic. Retirement is a re-engineering of your lifestyle so you can do the things you want, without the drudgery of nine to five.

You may wish to semi-retire and continue working part-time.

The earlier you start planning the more options you'll have.

The most important piece of advice is: Start planning early.

How much super?

The compulsory nine percent is usually not enough to provide a sufficient lump sum or income stream.

How much you'll need depends on the lifestyle you desire and the number of years you'll need it for.

As a general rule, a single person needs about $33,000 each year for a comfortable lifestyle and a couple needs $43,000. To achieve that, a single person will need a lump sum thereabouts of $430,000 and $470,000 for a couple.

This is about six times the average super payout today (of $70,000).

Start Planning

Once you have a vision of how your re-engineered lifestyle should be, and the amount of money you'll need, the next step is to see a financial advisor.

A Financial Advisor Can:

• demystify the complexity of super laws
• advise you how to minimise your tax
• advise you on how to structure your assets to get the full Centrelink benefit you're entitled to 
• assess your risk and protection in order to close any gaps that may make you vulnerable
• help you with your estate planning. Making a will without advice can often result in unforeseen circumstances for your heirs, including tax burdens. Minor adjustments can make a significant difference to their future prosperity.

What to Bring to the Advisor

Bring a clear vision of your lifestyle, a sense of adventure, and the following:

• recent payslips

Details of any:

•  investments
• super
• savings
• loans
• credit cards

More Information

• Access our online Superannuation Calculator
• See how a Financial Planner can help

Questions?

If you have any questions, please contact us.

This is general information only and doesn't take into consideration your individual financial, taxation or other circumstances, objectives or needs. You should consider whether it's right for you in light of those factors. Every effort has been made to ensure accuracy of information but it shouldn't be relied on in lieu of professional advice. Source: Association of Superannuation Funds, October 2006.