Age 55+

Contacted clients 1 month before their 55th birthday. Provided advice on transfering $540k into super and starting a Transition to Retirement (TTR) pension. Benefit is 0% tax on $540k investment income versus previously paying tax at 39% marginal Tax Rate (+Medicare). 

"Saving thousands of dollars in tax every year"

Clients 55 years old with reasonable superannuation balances but minimal savings capacity. Felt like they were going to struggle to have a comfortable retirement. Commenced a Transition to Retirement (TTR) pension for both. This gave them sufficient income to start making significant salary sacrifice contributions. The benefit is that they are projected to have $300k more by the time they retire at age 65.

"Allowing us to travel and have the retirement lifestyle we are after"