Simpler super opportunities in 2007
The government's big changes to super offer great opportunities for a range of people – from super savers to current retirees.
The sweeping super changes which came into effect on 1 July 2007 are particularly relevant for people aged 60 and over. But no matter what your age, you should be aware of all the changes and how they may affect you.
Read on to find out more about the opportunities available...
New super rules
The government’s changes to super range from tax benefits to improvements for the self-employed. Like to know more?
Make the most of Centrelink and pension changes
The Centrelink and pension changes present a huge opportunity - but to maximise the potential of this opportunity you may need to act before the assets test rules change on 20 September 2007.
For example, starting a term allocated pension (TAP) before 20 September 2007 will reduce your assessable assets. Depending on your circumstances, this may help you qualify for an Age Pension. Like to know more?
Boost your retirement income with 'transition to retirement' strategies
A transition to retirement (TTR) strategy allows you to access your super while you're still working via a tax effective pre-retirement pension.
Once you reach your preservation age, you can receive income from the pension while salary sacrificing to super until you decide to fully retire. Like to know more?
Take control of the new super rules with a self managed super fund
Self managed super funds are becoming increasingly popular because they offer control, flexibility and investment choice. However, there are important obligations that come with managing your own super so if you're thinking of starting your own fund, make sure you discuss your options in detail with a financial adviser. Like to know more?
Talk to your adviser
The best investment you can make is to seek financial advice. Contact your financial adviser for more information on how you can take advantage of each of these strategies.