Isaacs Cole Chartered Accountants

Retirement Planning

Superannuation Planning

We like to demystify superannuation and see you take control of your retirement nest egg. We can assist you in predicting the value of your retirement assets and work with you to determine a retirement strategy which achieves both your financial and non-financial goals. In particular, we can prepare projections based on various scenarios including:

• Superannuation contribution strategies during your accumulation phase, and
• Retirement drawdown options during your pension phase

Based on these scenarios we can then model your expected cash flow and personal tax positions as well your overall financial position going forward.

Transition planning 

Sure money is important, but what about your other goals? Of course retirement means planning your future financial health but people often overlook non-financial goals when planning their retirement. We can work with you to establish both your financial and non-financial goals and create a plan that will work for you.

We can also help you plan a phased approach to your retirement and advise you on ways you can use your superannuation to supplement your income from working before you fully retire. 

Capital gains tax concessions for business sales

If you are a business owner approaching retirement, there are a number of Capital Gains Tax (CGT) concessions potentially available to you in the event that you dispose of your business in connection with your retirement. There are specific conditions that must be met in order to qualify for any of the four concessions, therefore it is critical that your exit from your business is planned strategically. By working with you to carefully plan your retirement from your business, we can maximise the value of tax concessions available and minimise your overall tax exposure.