Retirement pensions for Geelong people

We all want to be able to enjoy our retirement years after putting in decades of hard work. Getting valuable advice from experienced accountants about pensions in Geelong helps people plan their finances to make that a reality.

At CD&G Accountants, we want people’s retirement income to meet their needs in those latter years of life. And we urge people to start planning and working towards that goal well before retirement arrives.

Our skilled accountants are here to help clients work out the best way to fund their retirement. While some might be able to access a government age pension, which involves assets and income tests, many Australians will self-fund their retirement either partially or in full.

A transition to a retirement pension is the most common type of self-managed super fund pension we recommend to our clients. But everyone’s situation is different and we always tailor a solution to the individual.

Our professional team works with clients to devise a retirement plan that’s practical and strategic. We’ll talk to you, and find out when you aim to retire or want to ease into the process by going from full-time work to part-time. We’ll discuss the lifestyle you need and want, what sort of income stream you’ll have and how long it will last.

By discussing retirement pensions including self-funded pensions Geelong people can make sensible plans for their future. So start early.

Expert team

Moving to a retirement pension, also known as a transition to a retirement income stream, is an account-based pension from your super fund with a minimum requirement that doesn’t restrict the timing of any payments. However, the annual withdrawal limit for members can’t exceed 10 per cent of their balance.

And while you can’t make further contributions to your account within the fund when you are in the pension phase, there are other ways to add to your super total. We can help you set up a new account in the accumulation phase, giving you the means to make ongoing contributions. The normal rules and limits on contribution would continue to apply in this case.

So talk to our expert team about pension options. We’ll be able to advise you on any tax implications and advantages, and whether a transition to a retirement pension will impact any government benefits you or your partner might receive. We have in-depth knowledge about self-fund pensions and we’re keen to help.

To start the important discussion on retirement pensions in Geelong, clients can contact CD&G Accountants to book an appointment. We look forward to hearing from you.