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Maximising Tax Benefits at Milestone Ages

Picture of Roger Perrett

Roger Perrett

Executive Financial Advisor

Life is a journey marked by various milestones, each bringing its own set of joys and opportunities. As you celebrate reaching these significant age milestones, there’s more to rejoice in addition to the personal accomplishments – tax benefits that come with smart financial planning. One such opportunity lies within the realm of superannuation, where investments during accumulation years are taxed at a concessional rate of 15%. However, what many individuals may not know is that there are legislative tax benefits that can further optimize tax efficiency. We’ll explore the positives of achieving age milestones, highlight the tax advantages within superannuation, and unveil legislative scenarios that can reduce the tax on your superannuation earnings to 0%.

Age Milestones and Financial Opportunities

Reaching age milestones is a time for reflection, celebration, and embracing new possibilities. It’s an acknowledgment of the journey you’ve travelled and the wisdom gained along the way. In addition to personal growth, these milestones can unlock financial opportunities that contribute to a more secure and tax-efficient future.

Superannuation Concessional Tax – A Great Reminder

One of the financial advantages of superannuation, is the concessional tax on investment earnings during accumulation years. Investments within superannuation are taxed at a favourable rate of 15%. This serves as a great reminder that your money is growing in a tax-advantaged environment, potentially saving you money compared to higher personal tax rates.

The Unseen Opportunity – Legislative Tax Benefits

Despite the concessional tax on superannuation, there’s often a gap between what individuals know and what they don’t know. Many may be missing out on legislative tax benefits that can further enhance tax efficiency. Two scenarios stand out:

  1. End an Employment Agreement After Age 60 and superannuation earnings can be tax-free after the age of 60, providing a significant boost to your retirement savings.
  2. Once you turn 65, the tax on superannuation earnings can be reduced to 0%, offering a unique opportunity for tax-free growth.

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The Resolution – Seek Expert Advice

Given the intricacies of tax planning and the nuanced legislative scenarios, the resolution is to seek expert advice. Professionals can provide tailored insights into how to make the most of these opportunities, ensuring your financial strategy aligns with your goals and maximizes tax efficiency.

Next Steps – Contact Us for Tailored Guidance

If you’re reaching age milestones and want to explore tax-efficient opportunities within superannuation, contacting us is the next step. Our team of Financial Advisors can provide personalized advice, guiding you on how to make the most of legislative tax benefits and optimize your financial future.

To discover how to minimize tax at certain ages and life events, and to unlock the full potential of legislative tax benefits within superannuation, we invite you to contact us. Let’s work together to ensure that your financial journey is not just marked by milestones but also by strategic and tax-efficient financial decisions.


This information is general advice. We have not considered your objectives, personal or financial circumstances. You should consider the appropriateness of the advice for your circumstances before making any decision. You should obtain and consider the relevant Product Disclosure Statement and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.

Past performance is not an indication of future performance.

This presentation has been prepared and presented by Roger Perrett, Freshwater Wealth Management Pty Ltd CAR no.1307016, Alliance Wealth Pty Ltd AFSL No.449221. This information cannot be used or copied in whole or part without our express written consent.

While every effort has been made to ensure the accuracy of the information, it is not guaranteed. It is based on our understanding of regulations and laws as at the publication date. As these are subject to change you should talk to a professional adviser for the most up-to-date information.

To the maximum extent permitted by law, no person including Alliance Wealth Pty Ltd nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.

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