Retirement Planning

Super Contributions & Investments

For most people, retirement is a major financial goal that requires considerable commitment. There are many questions surrounding how to plan for retirement. But while the answers differ from person to person, almost all include the effective use of Superannuation and access to its many incentives.

Whether you’re approaching retirement, or it's still years away, a BHA advisor can help you enhance your use of Superannuation to reduce tax - and maximise future returns.

At BHA we can help you reach your retirement goal by:

  • Designing a unique retirement strategy for you
  • Incorporating tools such as salary sacrificing
  • Determining your eligibility for the government’s co-contribution benefit
  • Optimising your Superannuation investment mix
Transition to Retirement

Transition to Retirement is a strategy for those who are still in the workforce, but approaching retirement. After you reach age 55, it is possible to roll over your existing Superannuation into a Non-Commutable Account Based Pension and draw down a portion of your funds as additional income. There are multiple benefits to this strategy including:

  • Income from the Pension receives favourable tax treatment
  • Income from the pension allows you to make additional contributions to your Superannuation through Salary Sacrifice without impacting cash flow
  • Contribution to your Super using Salary Sacrifice reduces your income tax and boosts your Superannuation
  • Growth on your existing retirement funds are taxed at 0% inside the pension compared to 15% inside Superannuation
Protecting Retirement Income

Thanks to our high standard of living and medical advances, Australians are living longer than ever before. This is good news, but it also means your retirement savings will have to stretch over more years.

In recent years, people in or nearing retirement have seen the negative impact market volatility can have on personal savings, and how this affects income available in retirement.

At BHA, we believe that assets used to generate retirement income should be guaranteed and not susceptible to market volatility. Capital protection in retirement is a cornerstone of our advice philosophy, providing our clients with peace of mind when they need it most.

Ongoing Investment

We know how important it is to maintain a sound investment strategy, even after you stop earning an income, so that you don’t deplete your reserves too early. The 10-30-60 rule states that most peoples’ retirement income will be funded from the following sources:

  • 10% from contributions made to your Superannuation during your working life
  • 30% from growth on top of your Super contributions during your working life
  • 60% from growth on capital during retirement

The BHA team has assisted people with their retirement plans for over 20 years. Our multi-dimensional strategies are designed to help you achieve an enjoyable and secure retirement regardless of how long it lasts.