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The Australian Government's Transition to Retirement (TTR) provisions provide a strategic solution for those yearning for a more balanced lifestyle. 🌅 However, it is always important to weigh up ⚖️ your options. We have devised some pros and cons for you to contemplate. ✅ Pros 1. Continued Super Contributions: TTR allows you to receive super contributions, mitigating the impact of early withdrawals. 2. Tax Benefits: TTR pension payments are tax-free for those aged 60 and older, providing a significant financial advantage. 3. Gradual Retirement Transition: TTR facilitates a smoother transition into retirement, allowing you to plan and savour your leisure time. ❌ Cons 1. Impact on Retirement Income: Early superannuation withdrawals may reduce funds during retirement. 2. Complexity: The intricacies of TTR may necessitate financial advice, incurring additional costs. Find out more in our full article: https://buff.ly/3Unx5J3 #FinancialFreedom #WorkLifeBalance #TransitionToRetirement

Cost remains a key barrier to Australians receiving financial advice, according to research from Investment Trends. But even with potential efficiency gains and red tape reduction from the Quality of Advice Review, consumers considering advice are only willing to pay $800 to start a retirement income stream. Ludovic Sevestre Irene Guiamatsia #financialservices #financialadvisers #financialplanning

In a survey completed by the CCPC last year, the shocking insight that almost 1/4 of adults aged 45 to 54 years did not have any form of pension coverage was revealed 🚨 With such a significant number of people without a pension in Ireland, the auto-enrolment scheme aims to reduce the number of people reliant on the state pension in retirement. Read more here on this latest pension insight and the pension auto-enrolment scheme here 🔗 https://lnkd.in/d9N--jWV Securing your pension is a vital component of ensuring that you can maintain a quality standard of living in retirement and feel financially free and secure in post-work life. If you want to take full control of your Retirement and Pension Plan learn more about our tailored service offerings here 🔗 https://lnkd.in/dnziJrCn Or talk to our expert team today 👇 🔗 https://lnkd.in/d-XPv2ZG 📞 353 51 832 839 📧 [email protected] #Retirement #PensionPlans #Pension #Finance #FinancialPlanning #Wealth #WealthManagement

When examining your saving choices, it’s important to note there is no single or absolute answer. Instead, there are many considerations that may make a particular savings vehicle more suitable for you. Some typical considerations you may want to take into account, which include: ● Interest rates and rates of return on investments ● Risk tolerance ● Marginal tax rates ● Flexibility ● Personal habits ● Income-tested retirement benefits Read below for the main differences for two of the most popular savings vehicle in Canada. Need more details? Sign up for our webinar on September 12, 2023. https://lnkd.in/gNmbybaf

🚨 𝗧𝗼𝗱𝗮𝘆 𝗶𝘀 𝗣𝗲𝗻𝘀𝗶𝗼𝗻 𝗔𝘄𝗮𝗿𝗲𝗻𝗲𝘀𝘀 𝗗𝗮𝘆 It is part of a campaign to promote the importance of pensions and saving for the future, and alert people to the fact that they are not saving enough for retirement. Planning for a successful retirement is challenging. For expats even more so. The rules change regularly, issues are complex and nuanced and there are so many opportunities for wrong decisions. The need for expert advice has never been greater. 🚦 𝗛𝗼𝘄 𝘁𝗼 𝗴𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱? Start by tracking down any old pensions that you may have accumulated over your career. It has been estimated that there could be around 2.8 million lost or forgotten pension pots in the UK, worth an average of £9,500 each. I.e. over £26.6 billion in total. You can find out how to do so here: https://lnkd.in/eW-mZQB Once you have done that, review your pensions and look for opporunites to improve them by: 🟢 Reducing fees 🟢 Improving tax efficiency 🟢 Switching to more suitable investments -------------------- 👋🏻 Hi, I'm Ross. I am a financial adviser who specialises in helping expats to get their financial ducks in a row 🦆 🪿 🦆 If you found this post useful, do "follow" me and click the bell 🔔 on my profile to be notified of future posts. #ExpatPensions #ExpatIFA #PensionAwarenessDay

After accumulating superannuation savings over multiple decades, many retirees are fearful of spending too much. When it comes to life in retirement, many Australians are probably being more frugal than they need to be. Read here: https://lnkd.in/gWq-FXkm #retirementplanning #investmentstrategy #volatility #wealthgeneration #financialplanning #financialadvice #finanacialplannerbrisbane #investing #wealthcreation

Superannuation is a potent tool that can offer significant tax advantages and financial security in your retirement phase. But to get the best out of it, you need to make the transition to the retirement phase at the right time. https://lnkd.in/gxRviT66

It’s budget submission season. The Retirement Living Council has made five key recommendations to the Australian Government ahead of its FY25 Budget. 1️⃣ Include retirement communities in the Housing Australia Future Fund target to build 1.2 million new homes by 2029. 2️⃣ Implement the RLC’s ‘Shared Care’ framework, which will drive significant home care efficiencies for consumers, providers and government alike. 3️⃣ Remove incoming purchase price benchmarks for Australians living in retirement communities to allow deeper access to Commonwealth Rent Assistance. 4️⃣ Amend existing inconsistencies to allow Australians living in retirement communities to access the Home Equity Access Scheme. 5️⃣ Exempt a portion of home sale proceeds for the age pension asset test to reduce the financial disincentive for those considering ‘rightsizing’ while ensuring the security of their pension long term. Please access the full submission here: https://lnkd.in/gTMWcG6X

State pension and triple lock: What is it worth and when do you get it?- QHN - https://lnkd.in/dVERUee7 Pensioners generally receive an increase in line with rising prices or earnings. In April 2023, the state pension went up […]