View mo online now! Net tax savings on income = $858 pa In total, Barbara’s TTR strategy therefore could save her almost $4,000 each year in tax. Compounded over 10 years, this could provide a boost to her final retirement savings of almost $60,000. And this has been achieved by simply restructuring her superannuation, not requiring her to change her lifestyle. So, by simply restructuring how we manage our superannuation while we are still working could significantly affect how comfortable we are retirement. Talk to your financial adviser about transitioning into retirement. n
Sources: www.ato.gov.au/latestreturns “Individual Income Tax Rates 2009/2010” www.treasury.gov.au
Important Information: This information does not take into account the objectives, financial situation or needs of any person. Before making an investment decision, you should consider, with the assistance of a financial adviser, whether it is appropriate in light of your particular objectives, financial situation and needs. Planning Partners Pty Ltd. Australian Financial Services Licence No. 222835 ABN: 24 943 115 344
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