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RETIREES

Goals focused on managing funds during retirement and maximising investment returns.

Watch the video below to learn more about this life stage.

 

 

ACCESSING YOUR SUPER

Do you know the best way to access your super?

Once you have met a condition of release you can withdraw your superannuation as a lump sum or commence a superannuation pension.

Accessing your super

By law, all super contributions are locked away or 'preserved' until you reach your preservation age. Your preservation age will be between 55 and 60, depending on your date of birth.

What you need to know

The tax implications can vary dramatically. So planning your retirement income strategy effectively is critical. The most common ways to access a retirement income stream are:

  • Allocated pensions – using only superannuation savings
  • Annuities – using either super savings or ordinary (non-super) money
  • Get advice on the best retirement strategy for you

Count on us

A Count adviser can help you:

  • Obtain the best retirement strategy for you

 

LOOKING AFTER LOVED ONES

Are you confident that your wishes will be carried out once you're gone?

If your assets are more complex and you would like to share your wealth with many loved ones, an estate plan is essential.

Prepare a will

Studies show that at least 45% of Australians do not have a valid will. If you die without a will your assets will be distributed according to a pre- determined formula with certain family members receiving a defined percentage of your assets despite what you may have wished.*

What you need to know

Our external estate planning service provider can help you:

  • Implement strategies to maximise the benefits of your assets to pass onto your beneficiaries (such as reducing tax)
  • Arrange a binding death benefit nomination to decide who will receive your superannuation fund
  • Give you peace of mind that your loved ones won't be put under any further stress when you're gone
  • Get the right advice on your estate plan

Count on us

A Count adviser can help you:

  • Put in place an estate plan

*NSW Trustee and Guardian http://www.tag.nsw.gov.au/wills-faqs.html

 

GOVERNMENT BENEFITS

Are you eligible for government benefits?

The Australian Government Age Pension is designed to be a safety net for people who cannot fully provide for themselves financially in retirement. However, for the majority of people, the Age Pension is considerably less money than they are used to living on and would like to receive during their retirement years.

Eligibility

When determining your eligibility to receive the Age Pension, Centrelink applies two forms of assessment the 'income test' and 'asset test'. Centrelink uses whichever test provides the lowest rate of pension payments. Understanding how the tests apply can be complex.

What you need to know

There are many different strategies available to organise your finances in retirement in order to qualify for a part or full Age Pension. Quite often, people who don't think they qualify find that they can claim a part or full Age Pension after receiving professional financial advice.

Even if you don't qualify for the Age Pension there are also other benefits available such as the Commonwealth Seniors Health Card (CSHC). The CSHC provides a range of benefits, such as discounts on public transport and pharmaceuticals to self-funded retirees who do not qualify for the Age Pension but meet other eligibility criteria.

Determining whether you are eligible for benefits can be a difficult and time consuming process so make sure you have access to the right advice.

Count on us

A Count adviser can help you:

  • Understand whether you are eligible for benefits

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Important information:  The information on this web page is not advice and is intended to provide general information only. It does not take into account your individual needs, objectives or personal circumstances. You should consider talking to a financial adviser before making a financial decision. JSA Accounting is an Authorised Representative of Count Financial Ltd ABN 19 001 974 625 AFSL No. 227232 which is 85% owned by CountPlus Limited ABN 111 26 990 832 (CountPlus) of Level 17, 1 Margaret Street, Sydney 2000 NSW and 15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 17, 1 Margaret Street, Sydney 2000 NSW. CountPlus is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial Ltd. 

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Financial Planning & Superannuation
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Accountant
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