60 and retiring

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For those looking to retire after age 60, you may want to consider using your
superannuation savings to set up a regular income stream, as opposed to
simply withdrawing your superannuation as a lump sum
This is because:
• No tax will be payable on earnings within your super fund
• You can receive tax-free income stream payments, and
• You don’t have to include the income payments in your annual tax return,
which could reduce the tax payable on your other, non-super investments.
These tax benefits may enable you to receive a more tax-effective income
to meet your lifestyle needs. This is particularly true if your super benefit is
quite large and/or you receive income from non-super investments.


"Self-employed people often earn a decent income while working. However, without the benefit of employer-paid superannuation contributions often have little money to live on in retirement. Don’t rely on selling..."

Don’t neglect retirement savings
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Meet the Team at Momentum

Donna Hale

Office Manager
Team Profiles

Newbrocom Pty Ltd (ABN 39 152 026 330) trading as Momentum Financial Planning is an authorised representative of Charter Financial Planning Limited, Australian Financial Services Licensee Licence number 234665.



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