Transition to Retirement

Objective:

• Optimise level of pension income & superannuation contributions type for a given income requirement.

Suitable for:

• Pre-retirees who have reached preservation age, seeking to minimise tax or scale back working hours.

Key features:

• Nominate a starting pension amount or optimise for the most appropriate starting balance.

• Minimise tax by delaying pension withdrawal until after the clients birthday the year in which they turn 60. 

• Model impact of reduced working hours. Model part year strategies through pro-rata of income and contributions.

• Calculate optimal level of lump sum v pension if Unrestricted Non Preserved is available. 

Results:

• Summary of results determines benefit of strategy year 1, as well as at retirement. 

• Detailed results provides year by year analysis.