Transition to RetirementOverviewThe Transition to Retirement module automatically optimises both the level of pension and the amount to contribute to superannuation for a Transition to Retirement Strategy. Provisio will optimise the tax savings and determine the effective strategy to match client’s existing net income (or any income you specify) while maximising retirement savings. Determining the most tax-effective strategy for yourself is tedious, time-consuming and prone to error. Instead, Provisio will do this for you, taking into account all factors and legislative rules, and provide you with simple-to-follow implementation details. Features
Why not the maximum pension?One of the most common questions we get asked is why Provisio often does not select the maximum pension when you may expect it to be the best answer. The answer is in the tax savings that optimisation can also create inside the superannuation fund. Unless you refresh the pension, drawing large amounts from the pension fund actually depletes the tax-free pension account, and pours larger amounts of contributions back into the taxed accumulation account. This is where balancing the personal tax savings with those inside the superannuation fund becomes important to the client's overall tax savings. |