Transition to Retirement

If you’ve reached preservation age and have access to your superannuation, it’s time to consider how best to enter retirement.

AXIS Financial Group offers a range of helpful processes to assist you in planning for retirement, with some of the strategies being financially beneficial before you get there.

While delaying your retirement until 60 brings with it enormous tax savings, many people are finding the Transition to Retirement (TTR) Strategy highly attractive.

You can take advantage of TTR if you’re 55 or over and convert some or all of your super into an income stream product. This popular strategy allows you to access your super without having to retire or leave your job.

This means you continue to build your super from paid employment (either full-time or reducing to part-time) while drawing down on it at the same time. This allows you to maintain your quality of life while your money continues to be invested in the lower taxed environment of super.

So if you’re 55 or older and have not seen a financial adviser in the past 12 months, you should talk to us or consider completing our online Transition to Retirement Questionnaire. It could have a major impact on your post-retirement lifestyle.

Simply submit the questionnaire or feel free to contact us via super@axisfg.com.au or by telephoning 1800 111 299 for more information.