Task

Client recently turned 60 years of age. Assessable taxable income of $80,000 pa. Superannuation asset valued at $160,000. Total estimated tax payable $19,147.

 Action

Restructured superannuation assets and implemented superannuation contribution strategy.

 Result

Reduced marginal tax liability of approximately $6,000 per annum. No impact on cash flow and no additional investment risk. Increase wealth over 5 years estimated to be $20,000.