Freeing up wealth to fund a better retirement
Many of us have assets outside of the superannuation system. This is a great comfort as you move into retirement. But how do you make these assets work hardest for you as you prepare for retirement? AMP can help you make the most of a number of opportunities.
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Free up wealth
You may have invested in property, which is now worth a lot of money. This can act as your safety net for a better retirement. You can draw on the equity in your home to provide money to live on in retirement.
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Pay less tax
While you may have a lower super balance, you may have accumulated substantial assets outside of super. These are generally taxed at your marginal tax rate. Transferring these assets into a superannuation environment can save you substantial tax – giving you money to live on.
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Considering your options
You may have a number of questions about how to free up wealth in your hard earned assets as you plan for retirement:
- How do I access the capital in assets that I own such as investment property or shares?
- Should I consider downsizing from my current family home?
- What are the tax benefits and risks?
- Will I have enough money to live on?
We strongly recommend seeking the help of a financial planner to help you with your own personal roadmap to a better retirement.