60 and retiring

Home > Financial Focus

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.

Testimonials

"Hi Shane and Team As clients and long term business owners we have always received exceptional service and advice from the Momentum team. Regular financial planning reviews and immediate assistance..."

Glenn and Narelle Soper – Coffs Harbour
See More Testimonials

Meet the Team at Momentum

Shane Gourley

Director / Financial Planner
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.

 

DISCLAIMER | PRIVACY POLICY | FINANCIAL SERVICES GUIDE
TERMS & CONDITIONS

Momentum Financial Planning is one of a select number of businesses that has been awarded Certified Quality Advice Practice status by Charter Financial Planning. This programme sets an industry benchmark for providing high-quality financial advice. The certification is awarded based on industry qualifications, demonstrated best practise business operations and proven success in meeting the financial planning needs of clients.

© Momentum Financial Planning 2010 - 2019 All Rights Reserved :: Website by Giant Media :: ADMIN