Planning for your retirement? An Account-Based Pension (ABP) is a great way to turn your superannuation savings into a regular income stream once you’ve retired. Here’s how it works:
✅ Flexible Withdrawals: You can choose how much income you receive each year, subject to a minimum annual amount based on your age. There’s no fixed limit, so you can adjust to meet your needs.
✅ Potential for Investment Growth: The remaining balance stays invested, meaning it can continue to grow, helping your retirement savings last longer.
✅ Tax-Free After 60: If you’re over 60, payments from your ABP are generally tax-free. For those under 60, it’s taxed at a reduced rate.
✅ Continued Super Management: Unlike an annuity, an ABP lets you control how your funds are invested, giving you flexibility in managing your retirement assets.
Want to learn how this could work for you? Contact Steve May Financial Services to explore your options and plan for a secure retirement! 💼
You need to consider with your financial planner (or adviser), your objectives, financial situation and your particular needs prior to making an investment decision. Sensibly Pty Ltd and its authorised representatives (or credit representatives) do not accept liability for any errors or omissions of information supplied on this website
Nick Shanley, Steve May, Luke Styles and Shanley Financial Planning T/A Steve May Financial Services are Authorised Representatives / Corporate Authorised Representative of Sensibly Pty Ltd, AFSL 533923. Please refer to our website at www.stevemayfs.com.au to reference our Financial Services Guides.
