Thanks for the information i have been wodking at the same job for nearly 38 years and was blessed to be in PSS super. i have about 7 months long service leave over a year of sick leave. You were right about the old generation hard wodking ....i am looking to give your office a call when the time comes. 🙏
what should u consider if deciding if its best to sell a property just before retirment and putting money the money into super v holding onto it and having the rent yearly continue to fund your retirement
In relation to this I would assess the net rent and the cost of sale against what the super fund could generate you along with the use of franking credits. You would also consider the sale and tax implications and the use of catch up legislation to help mitigate CGT if it’s going to impact you. The rental income after costs may be less than the yield from a diversified super fund with added liquidity.
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Thanks for the information i have been wodking at the same job for nearly 38 years and was blessed to be in PSS super. i have about 7 months long service leave over a year of sick leave. You were right about the old generation hard wodking ....i am looking to give your office a call when the time comes. 🙏
Maria just reach out when you need us.
Looking forward to meeting Luke on 28 July
sounds like retiring three months into the new tax year would be ideal. most of that money be tax free or very low taxed
Yes better than adding it to a years income if you retire in June
what should u consider if deciding if its best to sell a property just before retirment and putting money the money into super v holding onto it and having the rent yearly continue to fund your retirement
In relation to this I would assess the net rent and the cost of sale against what the super fund could generate you along with the use of franking credits. You would also consider the sale and tax implications and the use of catch up legislation to help mitigate CGT if it’s going to impact you. The rental income after costs may be less than the yield from a diversified super fund with added liquidity.