Senior couple discussing retirement planning at home in Australia. The woman holds a book, and the man holds a tablet, both smiling. Trusted wealth and retirement strategies context.

Retirement is the point where a person stops employment completely. Our retirement planning advice can help you with all the financial aspects of post retirement life .

We know even the thought of planning for retirement can cause anxiety while you are working and very much active today. But it’s always wise to plan ahead to balance the life you want to live today with the life you want to live in retirement.

THERE ARE SEVERAL TYPES OF PLANS FOR RETIREMENT PLANNING

The age you plan to retire can have a significant impact on your retirement planning and strategy.

SAVING FOR RETIREMENT

Contribution into your super is one of the ways to save for retirement planning. Currently, employers are required to contribute 9.5% of their employee’s gross income into super. However it may not guaranty to fund your lifestyle in retirement. You may look for other ways like additional contribution to super, salary sacrifice, super consolidation to save more for retirement.

INVEST FOR RETIREMENT

Another way to grow your super balance is to investment it. You can choose from MySuper which is a default fund, SMSF, Retail fund, Industry fund or Corporate fund. All of them have pros and cons and may generate low, high or sustainable returns. Depending on your financial circumstance and retirement planning goals, a suitable super investment strategy can grow it substantially.

TRANSITION TO RETIREMENT

Transition to retirement (TTR) strategy allows you to withdraw maximum of 10% from your super savings as a form of pension before your retire from work. You will reduce your working hours and get an income stream from your super savings. However you cannot draw any lump sum amount. The criteria of TTR is to reach at the preservation age (between age 55 to 60 depends on when you born). The income from TTR is taxable at your marginal tax rate but you also can get 15% tax offset. After age 60, it will be tax free in most cases.

AGE PENSION

It pays out a steady income to help the retirees. Depending on your birth year, you may be entitled to the Pension from age 65 to 67. The pension can give upto $834.40 (single maximum normal rate) or $1,258.00 (couple maximum normal rates) per fortnight based on eligibility. To qualify for the pension, you must be 67 or older Australian resident and live in Australia. Your pension amount will be based on the income you earn and the value of your assets (known as Income – Asset test.)

PLAN TODAY FOR A BETTER TOMORROW

Talk to our Retirement Planning advisor to plan a smooth retirement and finances to continue your lifestyle

CONTACT NOW

HOW CAN WE HELP IN RETIREMENT PLANNING

With the extensive experience of retirement planning and best knowledge of the industry practices, our financial advisors are best in addressing the changes over lifetime and help to remove difficulties and build a retirement plan that is effective in stretching the planning your retirement income for as long as possible and also grow your income for an enjoyable post retirement life with a peace of mind.

Effective Strategies for Retirement Planning

Help you to have a clear idea about how much money you need to live the lifestyle you design after retirement.
Calculate the amounts that need to be saved (inside or outside super) to ensure income streams after retirement.
Craft the best structure for your retirement savings.
Design and implement a suitable investment strategy that suits the risk levels based on your age.
Check the other income sources (e.g. Centrelink benefits entitlement) in pre and post retirement phase.

Get your free financial consultation !

Contact us to make a free appointment for free initial consultation and we will organise a meeting as per your convenient time and location.

SOME OF OUR CLIENTS TESTIMONIALS

    
 
 
         
   Intizar Hassan 
 
 
 
 Trustindex verifies that the original source of the review is Google. Concurrence Financial Planning provided excellent financial and insurance guidance. The team was professional, clear, and genuinely caring. I feel confident about my financial future—highly recommend!
  
 
        
   Chaturbhuj Singla 
 
 
 
 Trustindex verifies that the original source of the review is Google. I have been working with Tanz bhai for last few years, he has been handling my profile and handling many of my clients. It's absolute  pleasure working with him. He is one of the best in Industry and got abundance of knowledge.
He guides you on each stages and most importantly he has got the solutions for all the problems, he is a solution provider. His advice is invaluable and he is  some one you can trust .
I will highly recommend him and his services.
All the best, Tanz bhai and thanks for everything
  
 
        
   Terry Panourakis 
 
 
 
 Trustindex verifies that the original source of the review is Google. Mr Tanzeem is a professional  financial advisor he will go to great lengths to help us. And advise us with our finances he is trust worthy, he help my wife and i with our situation, i would highly recommend him. Mr Tanzeem thank you for your support.
  
 
        
   Naeem Qureshi 
 
 
 
 Trustindex verifies that the original source of the review is Google. Working with Concurrence Financial planning has been a game-changer for my financial health. Their expertise, personalized strategies, and attentive communication have helped me navigate complex decisions with confidence. I highly recommend their services.

Retirement Planning