Super Reforms - What you need to know

Are you considering a Transition to Retirement Strategy?

Your assets which support a Transition to Retirement income stream will no longer be tax free inside your super fund from 1 July, 2017. These assets will be taxed at 15% per annum from 1 July, 2017. This will affect new and existing Transition to Retirement pensions. 

• A Transition to Retirement Strategy may be considered by people aged between 60 and 65 years of age, not fully retired and wanting to start drawing down on Super before retiring and meeting full retirement conditions of release.

We encourage you to seek professional financial advice to understand how the complexity of reforms may impact on your personal situation and to review appropriate options and strategies aligned to your financial goals.

If you would like advice on how the changes may affect your Superannuation and retirement planning, I encourage you to contact our office on 07 3720 1299 or email admin@wealthfundamentals.com.au so we can help you to make the most of your Super.

Lane Moses Pty Ltd ABN 56 092 186 117 trading as Wealth Fundamentals and its advisers are Authorised Representatives of Fortnum Private Wealth Ltd ABN 54 139 889 535 AFSL 357306 Australian Credit Licence No. 357306 trading as Fortnum Financial Advisers.

The information (including taxation) contained within this document does not consider your personal circumstances and is of a general nature only - unless otherwise stated. Wealth Fundamentals strongly suggests that you should not act on it without first obtaining professional advice specific to your circumstances. This information is based upon our understanding of legislation at the time of writing. Such legislation may be subject to change.

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