If you're planning your retirement, or already retired, the right financial planning advice can help you secure a comfortable lifestyle, and ensure your assets are invested, transferred and ultimately passed on to the next generation in the most tax-efficient manner. Silvan Ridge Financial Services can assist with:
- Lump sum investment advice
- Retirement income streams
- Superannuation and reasonable benefit limit (RBL) strategies
- Managed and self-managed allocated pension and rollover funds
- Redundancy management
- Social security benefits, and
- Estate planning.
Whether you're climbing uphill to the point of retirement, or coasting down the other side, the right advice can help you achieve your lifestyle and financial goals.
Retirement income refers generally to money that is required to fund the cost of living during retirement. It can be derived from a number of sources including government pensions, returns from investments (including interest, dividends and rent) and from retirement income stream investments that are specifically designed for retirees.
Australians have been encouraged to change the way they invest their retirement savings. By providing incentives in the form of tax concessions and social security benefits, the Government has encouraged Australians to make investments that produce regular, long-term income streams more attractive to retirees.
The effect of these initiatives has been to create genuine taxation and social security benefits for retirees who invest a portion of their capital in investments that generate a long-term income stream. And these incentives have spawned a new generation of powerful financial planning strategies for retirees.
The most popular types of retirement income stream investments are allocated pensions and immediate annuities. An allocated pension / term allocated pension offers a tax effective way of generating a regular income stream with your superannuation benefit. Whereas an immedicate annuityoffers you the comfort of a guaranteed income stream in exchange for a lump sum investment which can be either superannuation money or ordinary savings but which is generally committed for the term of the investment.
Silvan Ridge Financial Services can help you to make the most of your retirement by devising a plan that may enable you to generate competitive investment returns, maintain a secure income in retirement, minimise tax and qualify for social security benefits.
Read our documents:
- Planning your retirement
- Transition to retirement in plain English
- Retirement income in plain English
- Centrelink in plain English
- Enjoying your retirement
To obtain further information contact us