This clever move could seriously boost your super
A seamless move to retirement is about putting the right plan in place for your finances. Careful, considered planning, when executed correctly, can set you up to enjoy a high quality of life in your golden years.
Transition to retirement (TTR) is one strategy you can explore. It can help people on the cusp of retirement get the most out of their income while they’re still working.
Once you’ve reached your preservation age, TTR allows you to open a retirement income account that exists alongside your regular super account. These two accounts work in tandem, to reduce the amount of tax you’re paying on your income while boosting your superannuation savings.
TTR strategies are all about empowering soon-to-be-retirees, equipping them with the tools to boost their retirement income.
Watch the video above to learn more or visit australiansuper.com.
This article has been sponsored by AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. The views expressed are those of Over60 and not AustralianSuper. For more information about AustralianSuper, please visit australiansuper.com.