Nick Bruining: Use transition to retirement fund to keep working, tap into super and clear home loan sooner

by Pelican Press
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Nick Bruining: Use transition to retirement fund to keep working, tap into super and clear home loan sooner

It’s a strategy dangled at seniors in the run-up to retirement. Called “transition to retirement”, it’s a way of accessing your existing superannuation fund for all sorts of useful purposes.

Traditionally, financial advisers promote the strategy as a tool that can save you on income tax. While that’s true, it’s particularly useful for people who owe money on non tax-deductible debts, such as a mortgage or personal loan.

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