When it comes to planning for your retirement most people in Australia will be looking at utilising some form of social security, generally the age pension.
What most people don’t realise is that they need to be planning for this prior to being eligible. Some things that need to be considered include:
- should you be sheltering some of your assets from Centrelink;
- what is the impact of gifting assets to your family; and
- what can be done to ensure your assets are treated in a more favourable fashion.
Countrywide Advice would be happy to assist you in navigating this complex area and ensuring that your retirement is everything that it can be.