Working after retirement

Are you thinking of making a gradual move to retirement?

Super is money set aside for your retirement however, if you are aged 55 or over and still working you can access some of your super money with a ‘transition to retirement’ strategy.

A transition to retirement strategy allows you to transfer part of your super to a pension account. These two account together can reduce the overall tax you pay on you income and your super savings. This strategy allows you to work longer (in a reduced capacity e.g. less hours) and retire later.

The benefits of this strategy include increasing your super, saving on tax and allows you to access some of your super early.

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