Transition to Retirement (TTR)
Transition to Retirement strategies involve using some of your income to top up your super (by salary sacrifice) at the same time as you start receiving some income from your super fund, usually in the form of an allocated pension. This allows you to get the benefits of salary sacrifice and helps you make up for the drop in your take-home pay by accessing a tax-effective income from your super fund. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.

Mapping your pathway to a financially secure retirement
Once you’ve established how much money you will need for your retirement and when you want to retire, the next step is to make sure that you’re on track to achieve your goals. Like a number of people, you may discover a few years out from your retirement that there is a shortfall in your funds that will need to be addressed. There a number of strategies that you can adopt to help you make up this deficit that will allow you to retire the way you want to.

While topping up your super is important, you also need to ensure that your super is invested appropriately. Most super funds offer a range of investment options and you may need to consolidate your super. The right investment option for you will depend on your retirement goals, your investment timeframe, and your tolerance for risk. So it’s worth discussing your options with a financial adviser. For more information, please contact the team at Pattinson Financial Services on 1300 466 637.