Retirement
Perhaps you're thinking of retiring soon, or maybe in a few years time or you may already be fully retired. Either way it pays to be prepared.
Retiring Soon.
Have you thought about taking your superannuation as a monthly income stream? Do you know how much you will need and how long it will last? Have you considered eligibility for any Centrelink entitlements?
If you are close to retirement, probably the best thing you can do is contact one of our Financial Advisors. As a member of WA Local Super there is no extra charge for the service and you'll get professional advice from a qualified planner.
Retiring in a few years.
If retirement is still a few years off? You should still consider getting you plans in order. Depending on your situation a Transition to Retirement Income Stream could be one way to help you build your retirement savings by optimising the tax you pay.
Our qualified Financial Advisors can model your particular situation and provide projections on any possible advantages of a Transitional Income Stream strategy. There is no extra cost for this service to members of WA Local Super.
Already retired.
Are you getting the most from your Centrelink entitlements? Have you reviewed your investment strategy lately? WA Local Super is committed to looking after retired members with an ongoing advice service for those members taking advantage of an Income Stream from their super.
Contact one of our specialist Review Planners today for an appointment.
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Temporary Residents
From 1 April 2009 members who are, or have been a temporary resident, are generally restricted in the manner in which they can access their superannuation.
The ATO will periodically issue temporary resident reports to superannuation funds who are required to transfer all amounts held in those member's accounts, to the ATO. If required, the Trustee will transfer any unclaimed superannuation of temporary resident's to the ATO.
Under relief granted by ASIC, exit statements are not required to be sent to the members advising that their account has been transferred to the ATO. WALGSP will be relying on this relief.
If a temporary resident subsequently contacts the fund, information about the payment to the ATO will be provided. Please note that any temporary resident has the right to contact the ATO and make an application to it requesting payment of any transferred unclaimed superannuation.