Jenny stopped work at the age of 66 she had her superannuation aculamting for years and now as shes retried she has access to those funds, Jenny was prepared to take a lump sum withdrawal of her superannuation to pay for various things. Jenny assumed now that she is retired she is entitled to government concessions however her Asset level was too high, Which disappointed jenny as she couldn’t get access to the Seniors health card.
After consultation with about her goals and what income she would like to be on in her years of retirement we structured her assets in a way that allowed for her to get the concessions she so desperately wanted. Now Jenny is on a comfortable income in retirement and not worried about her savings lasting the distance.