Attention Retirees!

Would you like to:

  • Maximise your age pension entitlements?
  • Have a secure lifetime income that covers your basic needs?
  • Have a long term defensive investment that is tax effective with typically higher returns than cash?

Annuities allow you to secure a guaranteed income for life or for a certain period of time depending on the annuity option you choose. You could consider using this guaranteed income to cover your basic expenses such as food, electricity, and petrol etc, while you draw down on your account based pension for your discretionary spending.

Annuities may also enable you to qualify for age pension or to increase your existing Centrelink benefits.

Even if you’re not eligible for Centrelink benefits, annuities can potentially provide higher and more tax effective returns than cash.

Retirement is a time to enjoy through spending more time with your family, traveling or enjoying the hobbies that you are passionate about. Financial stress in retirement is the last thing you want. An annuity may help reduce stress by providing a guaranteed income through an investment that could help to maximise your Age pension entitlement. Annuities may also help to increase the longevity of your super where used in conjunction with an account based pension.

Please view the Challenger video link below or come in and have a free no obligation chat with one of Roberts & Morrow’s Financial Planners to see whether an annuity is the right strategy for you in retirement.


Recent Articles

Update on Drought Assistance

16th August 2019

RAA – Rural Assistance Authority https://raa.nsw.gov.au Farm Innovation Fund The Farm Innovation Fund is part of the NSW Government’s Drought Strategy and... Read More

Planning Opportunity - Carry forward (Catch-up) Concessional Contributions

08th July 2019

From 1 July 2018, individuals with total superannuation balances below $500,000 have been allowed to carry forward the unused... Read More

1 July 2019 Retail and Industry Fund Insurance Changes

25th June 2019

From 1 July 2019, the Protecting Your Super reforms will commence. It’s important to understand how these changes will... Read More

Important ATO changes to payroll procedures

25th June 2019

Single Touch Payroll (STP) is an ATO reporting obligation which requires employers to report employee payroll information, including superannuation,... Read More