Planning for your retirement is not something you should contemplate only once you reach a predetermined age. It is something that begins from the moment you receive your first pay slip and your employer pays the mandatory super contribution.

Nevertheless, the strategies associated with your retirement come to the fore in the years leading up to your anticipated retirement.

There are a number of important factors that you should consider, such as:

• When do I want to retire?

• How much income will I need each year in retirement to maintain my lifestyle?

• How will I fund my retirement?

• Have I organised my will and considered estate planning?

By identifying these primary goals, we can analyse your current position and help you take advantage of the various concessions and other entitlements available.

If you’d like to stop working soon, we can show you some simple strategies that will give your super a real boost before you retire.

If you’d like to cut down on your working hours, we can also introduce you to some great techniques you can use – like transition to retirement strategies – that lets you cut back on your hours without cutting back on your lifestyle.

And even if you’d like to stay in the workforce for another decade or more, we can show you ways to make the most of your working life so by the time you retire your nest egg is a more substantial one.

TRANSITION TO RETIREMENT PENSION

If you’re over 55 and decide you’d like to reduce your working hours without reducing your income, a transition to retirement pension can allow you to receive some of your super as a tax effective income stream that supplements your regular income. You can even keep making contributions while you’re receiving your super as income.