Transition to Retirement Pensions and Carry-Forward Concessional Contributions

For individuals planning to scale back on working hours in the lead up to retirement, beginning a transition to retirement pension can assist in supplementing reduced income. Due to changes implemented in 2017 to reduce the tax benefits of a transition to retirement pension, this strategy has received less attention in recent years. However, when combined with the since introduced ‘carry-forward’ concessional cap rules, individuals may be able to provide an overall boost to their super balances before retirement.

August Monthly Musings

This month’s “Musings” delivers an update on market movements for August, we introduce our new video initiative “3 Minute Tech” which seeks to make complicated topics or concepts simple, and then we delve into the topical COVID-19 Superannuation Release Scheme.