SMSF – Planning For Retirement

The importance of planning ahead for super payments a few years before retirement is highlighted. It is essential to decide on the type of super payment – income streams or lump sum payments – and review fund investments to ensure there is enough cash or liquid assets. Failure to make minimum payments for income streams can disqualify the fund from tax benefits, and trustees should keep meeting minutes on file. Planning ahead with the help of an SMSF professional can help retirees get the most out of their retirement.