Retirement Planning


“Planning is bringing the future into present
so that you can do something about it now”
Alan Lakein


Be smart about your retirement planning

Superannuation is how most people save for their retirement during their working life. Employers must contribute 9.5% of your taxable income to your super. This will rise to 12% by 1st July 2019.

People, who rely on superannuation alone as a savings vehicle, will end up with insufficient balance to provide them with an adequate retirement income on retirment.

As a rule of thumb, most people generally require around 60 to 65% of their pre-retirement income to live comfortably.

Super is regarded as an effective and preferred way to invest for the future, due to the many tax benefits it offers.

There are many ways how you can boost your super balance:
  • Additional personal contributions (subject to contributions  limits)
  • If you are between 65 and 75 be aware of special conditions.
  • If you are a low-income earner it is worth taking advantage of the government co-contribution.
  • Salary sacrifice strategy (subject to concessional contributions limits).
  • Concessional contributions for self employed (subject to contribution limits).
  • Implement Transition to Retirement Strategy (TTR) which is very beneficial especially if you are 60 years of age or above and still working.
Other issues discussed:
  • How well is your portfolio diversified?
  • Is your investment portfolio in line with your risk profile?
  • Do you have any exposure to growth assets to assist with longevity of your savings?
  • Do you still have any insurance included within your superannuation plan? Do you need it?
  • Is the TTR strategy actually beneficial for you?
  • What type of superannuation contributions are the most valuable for you?
  • Have you nominated a death benefit beneficiary?
  • What type of the nomination is it? Will this be implemented or the super trustee can overwrite it?

Superannuation is a great retirement savings vehicle. It provides many tax benefits and if investments are set correctly with great deal of diversity and reasonable fees, it can prove to be a long-term investment star for your “golden years”.

If you are looking to boost your superannuation savings and would like to understand or implement the TTR strategy or find other strategies that would benefit your particular circumstance, please send me an email or call directly.


Call me for a chat and remember the first appointment is on me