A regular income in retirement
You spend a lifetime building up your retirement savings, but how does that translate to an income after you stop working?
There are several options you can consider which, depending on your circumstances, can provide you with a tax-free income in retirement.
Once you've reached your preservation age/met a condition of release, you have three choices:
- You can withdraw your money.
- You can leave your money in the 'accumulation phase' of super.
- You can roll your money over to the 'pension phase'.
There are a number of decisions you will need to make and a financial planner can help develop a plan to suit your needs, reduce your tax and increase your eligibility for social security.
For more information watch our Retirement income options video.
To find out more about retirement planning make an appointment with a Bridges financial planner.