Nov 14, 2023
Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discussed the transition to retirement strategy. Originally designed to be able to allow people to access their superannuation whilst not fully retired. However for those over 60 and still working, utlising this to save money on tax can be a very effective strategy.
Additionally, since many people are not aware of these options, we emphasized the essential role of having a financial advisor to maximize your chances. When comparing this investment method to other strategies, such as negative gearing properties, we emphasized the substantial and guaranteed tax savings it offers.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
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The concept of transition to retirement strategy
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Overview of superannuation
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Transitioning into retirement
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Use of transition to retirement strategies to capitalize on tax arbitrage and enhance wealth
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The tax benefits of the transition to retirement strategy
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Limitations and parameters of this strategy
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Benefits of the strategy
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Why people aren't utilizing the transition to retirement strategy
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