Please enjoy this guest post from David Bird of United Wealth Management.
The 2010/11 financial year shapes as an exciting year with markets starting to recover and many new strategies available to assist you to reduce tax and boost your savings.
One of the biggest changes in recent years is the ability for you to access your superannuation much earlier than ever before. In fact you can start to access your super from age 55. The benefit of this new strategy is you can have access to an additional income which could be used to pay-off debt, reduce your working hours or allow you to save more earning the amount each fortnight.
How does it work ?
It works by reducing the tax you pay by salary sacrificing to super and at the same time drawing on your superannuation money.
What difference does this make ?
Let’s take Trevor 55 years of age earning $50,000 a year with $100,000 in super, and is a Balanced Investor. If Trevor seeks advice and implements this strategy he will be over $53,000 better off when he retires at age 65. The best part is Trevor has no had to change his lifestyle as he has received the same amount of money each fortnight.
Would you like more information
If you would like more information please feel free to contact David on 0404 876 702 and mention Lifestyle Elements.