Before the budget it was rumoured that the Transition to Retirement Income Streams would be axed.

In fact they werent axed and are still a valid form of investing for the future in a tax effective way.

The rumour was partly true in that the amount of tax benefit has been reduced if you wanted to contribute the maximum amount of super and claim a deduction.

If you are over 55 and working and not contributing extra money to super you are costing yourself money. If you are over 60 this strategy is almost mandatory.

Shortly I will be announcing some information seminars outlining what you should be doing before 30 June 2009 to legally keep the biggest amount of your money.  If you would like to be notified put your name and email address in the free resources and updates boxes on the top left.

Regards,

Glenn Wallace
Business Adviser
Chartered Accountant
CPA
Australian Registered Tax Agent
Superannuation

This entry was posted on Sunday, May 17th, 2009 at 7:30 am and is filed under Superannuation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.