IMPORTANT NEWS:
As you may be aware, there is a lot of information in the news pertaining to changes that the government are introducing this year to superannuation and Centrelink. The main issues are:
- Being able to transfer up to $1mil of assets into super prior to the 30th of June 2007 and potentially saving thousands of dollars in tax!
- Being able to still work in any capacity and receive a pension from your superannuation fund with great tax savings to be achieved (must be over age 55)!
- Possible further maximising of Centrelink benefits through the purchase of Term Allocated Pensions/Annuities where the benefit of these investments reduces substantially after the 30th of September 2007.
We have researched all of the rules, regulations, advantages and disadvantages of the various options available and can provide you with the very best of individual advice on these matters. Please contact us to discuss your individual circumstances if you feel that any of these changes may apply to you.