Income Streams more commonly known as an Account Based Pensions are a flexible and tax-effective (Tax-Free from aged 60 and over) retirement product that invests your eligible superannuation savings to pay you a regular income. Account Based Pensions are designed specifically for retirees, semi-retired people or people about to retire, who are looking to:
- Transfer their eligible superannuation savings into an easy to manage financial structure.
- Receive a regular income from their retirement savings.
- Take advantage of pension tax concessions.
Why Pay Tax when you might not have to?
Where you are over 60 and retired your are able to fully access your superannuation funds through an account based pension entirely tax-free. An Account Based Pension offers tax-effective investing into a range of selected investment funds with the aim of generating part income and part growth specifically designed to fully or partly fund your retirement.
What about Centrelink – Will I be eligible?
A Wealth Connexion financial planner can determine your eligibility to receive cash payments or concession cards. You may be surprised to learn that you are eligible for a Centrelink benefit and/or Concession Cards. Centrelink (the Australian Government) may pay you cash benefits which are calculated based on your specific circumstances. As part of our service to you, we take the hassle out of applying for eligible benefits by acting as your nominee with Centrelink assisting you to apply and keep your records up to date. You may qualify for the following:
- Aged Pension
- Pension Bonus Scheme
- Disability Support Pension
- Widow Allowance
- Newstart Allowance
- Partner Allowance