People with less superannuation can actually end up earning more retirement income - just by knowing how to use the systems of retirement well in Australia.
Hi Bec - bit confused about the numbers here 301+ K listed as max to get pensión is based on home ownership - that’s not clear in the article - also I thought mandatory draw down was if you entered into an income stream - so it is not mandatory in some funds to draw down when you reach 65 and you can keep all your super as is! Cheers MM
Sorry michele - I try to keep the columns to 800 ish words, so I can't always get heaps and heaps of alternative examples in. Yes, all the above examples are referring to people who own their own homes outright. And of course, this assumes that you have opted into retirement phase and are looking to draw an income from your super. The examples are irrelevant otherwise.
Hi Bec - bit confused about the numbers here 301+ K listed as max to get pensión is based on home ownership - that’s not clear in the article - also I thought mandatory draw down was if you entered into an income stream - so it is not mandatory in some funds to draw down when you reach 65 and you can keep all your super as is! Cheers MM
Sorry michele - I try to keep the columns to 800 ish words, so I can't always get heaps and heaps of alternative examples in. Yes, all the above examples are referring to people who own their own homes outright. And of course, this assumes that you have opted into retirement phase and are looking to draw an income from your super. The examples are irrelevant otherwise.