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Transition to Retirement

Transition to Retirement

Begin your journey to retirement now…

In the run up to retirement, the Australian government has made it possible for you to keep working, while drawing down some of your Superannuation benefits. The policy, called Transition to Retirement can assist, by reducing the amount of tax you pay, and in turn you can contribute more to Superannuation without reducing your current working income. This can ensure an added boost to your Superannuation by making sure you have got more going into your Superannuation than coming out. The rules about Transition to Retirement strategies can be complicated, so it’s important to get professional advice. At Planning Box our financial professionals can design and implement your strategy to ensure you understand and receive all the benefits associated with it.