How Jane Turned $2 Million in Super into Tax-Free Retirement Income. Part 3 - Super as a tax haven - Investing for tax-free retirement income

When I first met Jane, she was in her 50s and had studied and worked hard all her life to get to where she was. She was at the top of her game professionally, but she was frustrated by how much tax was eating into her income and investments. She wanted to know if she could be doing something better.

We worked with Jane to take advantage of superannuation’s low-tax benefits. Over the years, she made contributions and shifted her investments into super, drastically reducing her tax burden.

Fast forward 10 years: Jane is now retired at 60 with a $2 million super balance. By rolling most of her super into the pension phase (in light of transfer balance caps), she’s unlocked these benefits:

• Tax-free earnings: Her investments are now earning income at a 0% tax rate.

• Flexible withdrawals: She can take pension payments or lump sums, all tax-free.

• Peace of mind: Jane knows her retirement savings are working harder, allowing her to live comfortably without unnecessary tax stress.

I recorded a quick video explaining exactly how this worked for Jane and how it might apply to you.

Superannuation is a powerful tool for reducing tax and creating financial freedom in retirement. If you’re curious about how to make your super work harder for you, let’s chat.