Saving for your retirement is the whole point of superannuation, so it can be an exciting time when you’re getting ready to make a withdrawal or commence a pension. Before diving into your fund, It’s important to strategise and access your SMSF in the most effective way possible.
You can access your SMSF when you meet a condition of release, but it’s essential to get the right advice and strategy before you withdraw money. To ensure you are minimising tax, accessing the right assets and using the most appropriate strategy for withdrawal, seek professional advice first — we can help!
Commencing a Pension
You can commence a pension or a transition-to-retirement income stream (TRIS) once you meet your preservation age (depending on whether you’re planning on retiring or continuing work). This is a critical time to get your financial plan in order regarding whether you want to remain in accumulation phase or whether you’re ready to commence an income stream.
We provide you with the best tax strategies and pension structure to suit your unique situation. With a deep understanding of the hard work and dedication that was put into accumulating your super, we’re sure to provide expert advice on the most effective way to withdraw your money.
Accessing Super Early
If your circumstances fall into one of the condition of release categories to access your super early, such as diagnosis of a terminal illness, financial hardship or compassionate grounds, we can help you make a super withdrawal with the right advice, while taking care of the appropriate documentation and reporting.
For many, you’ve been saving for your whole working life, now it’s time to reap the benefits of your SMSF. We show you the best way how.