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Over 50
As a result of the changes to contribution rules, a couple planning to retire in 5 years could see their retirement savings reduced by over $600,000! And you will be paying significantly more tax along the way...
Under 50
As a result of the changes to contribution rules, a couple could see their retirement savings reduced by over $250,000 within 5 years! If you compound this out over a 10 or 20 year period, the cost to your wealth position is truly frightening. And you will not be able to avoid paying significantly more tax along the way...
Why the rule changes?
In the 2009 / 2010 Budget papers, the Government has estimated the increased revenue to Government by reducing the concessional contribution caps to $25,000 / $50,000 will be $625 million for the 2009 / 2010 financial year alone. Over the next four years the increased revenue is estimated to be $2.8 billion with this figure increasing in future years. Obviously in the current environment the Government is keen to claw some tax revenue back.
What can you do?
We are keen to get our clients back into the same wealth position that they would have been in, had the Government not changed the rules. At our regional briefings, leading Financial Strategist, Kylie Wright will outline:
If becoming and remaining financially independent is important to you,
reserve your seat today to attend one of our regional strategy briefings.
Telephone Deb Ward on 4154 0411 or email dward@ulton.net
Hervey Bay
Wednesday, 26 August 2009
5.30pm for 6pm start
Hervey Bay Boat Club
Fraser Lounge
Buccaneer Drive, Urangan
Gladstone
Thursday, 3 September 2009
5.30pm for 6pm start
Grand Hotel
Sandpiper Room
79 Goondoon Street
Bundaberg
Wednesday, 9 September 2009
Brothers Sports Club
Shamrock Room
Kylie Wright
Partner
Authorised Representative Number: 245052
Financial planning services provided by Professional Investment Services
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