Advice when you've stopped working

When you retire, you have a number of options particularly when it comes to your super.

One option is to keep your money in super by rolling over to an income stream investment like an account-based pension. Beginning an income stream investment can be a very tax-effective option.

• No tax is payable on earnings in the fund.
• Between the ages of 55 and 59, the taxable income payments you receive will attract a pension offset, allowing you to receive thousands of dollars a year tax-free.
• From age 60, you can receive unlimited tax-free income stream payments, and you don't need to include this income on your annual tax return, which could reduce the tax payable on your non-super investments.

An income stream investment could also help you access (or increase your entitlement to) the Age Pension.

Rolling your super over to an income stream investment is just one of a range of strategies that could help you stay ahead when you stop working. To understand if this or other strategies are relevant to your unique circumstances, you need to speak to a financial adviser.