Retirement Planning

Your retirement is closer than you think.

We can help you live the life you want in retirement

ASFA estimates the lump sum needed to support a comfortable lifestyle for a couple is $510,000 (or $430,000 for a single person) assuming a partial Age Pension. ASFA also estimates that because a modest lifestyle is mostly met by the Age Pension the lump sum required to support it for a couple is $50,000 ($35,000 for a single person).*

The great news is, there are so many ways to plan for the best years of your life and maximise your income whether you’re a long way off or already retired.

* Source: ASFA Retirement Standard, March Quarter 2015.

Retirement’s still a long way off

When retirement’s still at least 10 years away it probably doesn’t really feel like a priority – especially when there can be so much else that needs financial attention, like buying a home, paying for your children’s education or travelling overseas. However you may want to consider a few questions:

  • How much will I need to retire on?
  • What is the best way of funding my retirement?
  • Is my superannuation enough to fund my retirement?
  • What is salary sacrifice?
  • How much should I be contributing now for a comfortable retirement?
  • Why are women recommended to make higher extra super contributions than men?
  • My super is sitting in a few different funds. Is it worth moving it?

And here’s how we can help. We can:

  • Conduct a complete review of your financial situation.
  • Recommend strategies to meet your retirement lifestyle goals.
  • Work with you to develop a new budget and investment plan to achieve your short-term and long term goals.
  • Review and recommend wealth protection plans.
  • Help you create or update your will.

Retiring within the next 5 - 10 years

Now that we are all living longer and retiring earlier, Australians will spend more than a quarter of their life in retirement. That’s great news for people who have planned it well.

Here are some things you’ll need to consider for your retirement:

  • How much do I need to retire on?
  • When can I access my super?
  • What are my options when I retire?
  • Will I pay tax on my super if I take a lump sum?
  • Am I eligible for the Age Pension?
  • How does the Income and asset tests affect eligibility for the Age Pension?
  • What are the different types of income streams?

We can help you with the following:

  • Establish how much you need and by when to meet your retirement plans.
  • Establish a plan to accumulate enough retirement savings within your timeframe.
  • Review and recommend retirement income products so you can manage your money in retirement.
  • Make sure you can maximise any entitlements to social security benefits.
  • Make sure you are not under insured.
  • Help you create or update your will.


About to retire or already retired

Have you reached your retirement age yet you feel you're not yet ready to give up work altogether? If you're eligible for the Age Pension, the government offers incentives for working people to defer claiming it.

On the other hand, if you've independently funded your retirement, you may benefit from keeping track of or restructuring your finances so you can maximise any government entitlement.

Some questions to consider:

  • I've already retired. Isn't it just about living off what I’ve got now?
  • I've been retired for two years. Is it too late to change my financial arrangements?
  • What is the Pension Bonus Scheme?
  • What are the eligibility requirements for the Pension Bonus Scheme?
  • How much is the Pension Bonus Scheme and when is it paid?
  • Apart from social security benefits, are we eligible for anything else now we've retired?
  • Now we've retired should we move house?

We can help you with the following:

  • Monitor your investments and retirement income.
  • Help develop financial strategies for your retirement income.
  • Provide regular updates about social security changes that might affect you.

What to do next:

Want some help with planning your retirement?

Contact us today on 03 8394 0300, or fill out the form below to find out how you can live a comfortable retirement.

If you would like to enquire about our services, fill out the form below and we will be in touch with you.

More of our services
tram track