Hit the road to retirement with a plan that can wipe out tax
Mon Oct 22 2007
The Australian Financial Review --- Page: 40-41 : 20 October 2007 Original article by Zoe Fielding
LexisNexis Summary
The transition to retirement strategy is intended to encourage Australians to work for longer. The strategy permits people aged over 55 to work part-time while drawing a private pension from their superannuation fund. Transition to retirement arrangements can also be employed to greatly lower or eradicate tax on ordinary income. This can be done by salary sacrificing a significant amount of personal income in favour of money obtained via a transition to retirement pension.
