Transition to retirement strategy explained

The ‘transition to retirement’ option is a government initiative that recognises that you may want to decrease your working hours over time towards the end of your career. It allows you to access your super benefits as an income stream prior to retirement. Some members use it as an opportunity to boost their super benefits overall or just to ease into retirement. This seminar focuses on the impact this approach may have on your retirement planning, tax situation and final super benefit.

This session is suitable for members who are approaching or over age 55, and want to understand the pros and cons of this strategy, including:

• Government intent and requirements
• Converting your super to an income stream
• Taxation implications
• Incorporating salary sacrifice to boost your benefits
• Other issues to consider