Retirement income streams provide you with a regular and tax-effective income stream prior to and during your retirement.
You can access a transition-to-retirement pension of between 2 –10% of your superannuation account balance if you’ve reached your preservation age (currently 55) and you are still working up to age 65. A pre-retirement pension may also help reduce your overall tax bill while boosting your total super balance before you retire.
An allocated pension is a super account that is set up to provide you with a regular income stream from your super savings. This income stream will usually be available once you’ve retired from work.
Ken Filbey Financial Services can help you create retirement income streams that are appropriate to your circumstances to help provide the lifestyle you’re looking for with minimum hassle.