Given the financial demands of everyday life, planning your retirement may be a relatively low priority. With a bit of preparation, it’s possible to plan for a long and comfortable retirement. Strategies like salary sacrificing into super, making lump sum contributions or using a transition to retirement strategy, are all smart strategies to consider to boost your super, and some of them generally have tax benefits too. It’s also possible to use your super to start a pension that pays you a regular income.
The best way to see how your retirement savings are currently tracking, and find out what you could do now to increase your super for retirement, is to speak to us so we can help you set realistic goals and put a plan in place to achieve them. Your retirement could last 30 years or more and if you plan ahead, you may even be able to retire earlier than you are currently hoping for and reduce your future reliance on the age pension to supplement your lifestyle in retirement.