Superannuation Pensions

A superannuation pension is one of the most tax effective methods of receiving a regular income stream. They are available to people who have reached their preservation age and can be paid whilst you are still working and/or when you have retired from the work force.

It is important to get the right advice regarding superannuation pensions so that you can maximise the benefits available to you:

Some important questions that need discussion include:

• What age is best to start a superannuation pension?
• What type of superannuation pension is best for you?
• What are the minimum and maximum amounts allowed to be drawn each year from a superannuation pension?
• What are the costs to set up a superannuation pension?
• What are the tax advantages of a superannuation pension?
• Which superannuation fund is best to set a pension up through?
• What are the impacts of starting a superannuation pension on your Centrelink benefits?

As you can see there are many things to consider when looking to start a superannuation pension and receiving the correct advice is vital.

If you are interested in commencing a superannuation pension please speak with a member of our Financial Planning Team today.