- Superannuation
- Your one SuperSolution for life, built on world class investments.
- Self Managed Super
- Bolster your portfolio with unique investment options
- Retirement
- Financial flexibility, into and throughout retirement.
- Fund investors
- Innovative strategies, traditionally reserved for the world's largest investors
-
- About Russell
- Our mission is simple. We work to improve the financial security of investors just like you.
TRANSITION TO RETIREMENT
Benefits of a transition to
retirement strategy
See how Jo, 60 maintains her take home pay and boosts her super balance without exceeding contribution limits.
Jo is 60 and her current salary is $150,000. She wants to implement a transition-to-retirement strategy to maintain her take home pay and boost her super balance, without exceeding her concessional (before tax) contribution limit, which is $50,000.
Her employer contributes $13,500 per year to her super, so she chooses to salary sacrifice $36,500, bringing the total amount to the maximum $50,000**. In combination with this salary sacrifice, she withdraws $22,447 from her pension account.
Using this strategy, Jo can maintain the same take home pay and create a net addition of $8,578 to her super, while remaining within her concessional contribution limit.
* Including Medicare levy
** Assumes no additional sources of concessional contributions such as employer contributions towards insurance premiums and fees.