Turn Your Super Into an Income Stream With an Account-Based Pension

Curious about account-based pensions and how they work? In this video, we break down everything you need to know!

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If you need help with your retirement plans, our financial planning firm, Toro Wealth, helps 50 to 70-year-olds optimise their financial position in the lead-up to retirement and feel confident about retirement. Go to torowealth.com.au to find out more.

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📈 Resources to boost your super & build your own retirement plan:
► How Much Super Do You Need to Retire Comfortably: https://bit.ly/364JN5h
► How Long Will My Money Last in Retirement: https://bit.ly/3hcIibz
► How Much Super Should You Have: https://bit.ly/3hpcFu1
► How Much Can You Contribute to Super? https://bit.ly/3jBLH5k
► When Can You Access Your Super: https://bit.ly/3htrlIC
► Should You Withdraw Super to Pay Debt: https://bit.ly/3hbtr0V
► When Can You Access Your Super Tax-Free: https://bit.ly/3h95JCh
► How Much Super Do You Need to Retire At 60: https://bit.ly/3dzy1E1

⏱ Timestamps
00:49 - What is an Account-Based Pension?
01:35- When Can You Start an Account-Based Pension?
02:35 - Benefits of an Account-Based Pension
05:02 - Downsides of an Account-Based Pension
06:12 - Minimum Payment Rates
07:52 - Tax on Pension Payments
08:17 - Account-Based Pension & Centrelink
09:01 - How to Start an Account-Based Pension
10:21 - Should You Start an Account-Based Pension?

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-- What is an Account-Based Pension? --

An account-based pension is a retirement income stream that lets you access your superannuation savings once you’ve met certain eligibility requirements. This flexible option allows you to choose how much income you draw, giving you control over your retirement funds. However, there are key factors to consider before starting one.

In this video, we’ll explain the pros and cons of account-based pensions, including their tax advantages and potential risks. Learn how they can offer tax-free income for retirees aged 60 and over and how they help you manage your savings to suit your needs.

We’ll also guide you through the steps to set one up. Plus, we’ll address the big question: is an account-based pension right for you?

Whether you’re nearing retirement or planning ahead, this video provides the insights you need to make informed decisions about your future.

Watch now to gain clarity on how account-based pensions work and how they could fit into your retirement strategy.

#ToroWealth #SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contain general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions.

General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.

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