- Excess superannuation pension payments can be re-invested tax-effectively
outside of superannuation - Excess pension made payments can find few tax-effective opportunities
Superannuation investors receiving exiting monies received in mandatory pension draw-down mode (i.e. excess to their expenditure needs) can sometimes accumulate tax-ineffectively year-after-year in term deposits.
This excess money can unnecessarily incur high personal income tax or perhaps adversely impact on Social Security pension qualification thresholds.
The use of a Tax-Paid Term Deposits Portfolio that operates as an investment option of a modern insurance bond can be an ideal and tax-effective repository structure to invest monies permanently exiting from superannuation investments.
Contact
Ross Higgins
Austock Life
Managing Director
03 8601 2056 or 0407567774
life@austocklife.com