What is a Reversionary Pension and Should You Start One?

Рет қаралды 15,035

Күн бұрын

You should not be starting a superannuation income stream before first understanding what a reversionary pension is. Learn how you can set up a reversionary pension and whether you should, or not.
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⏱ Timestamps
00:00 - What is a Reversionary Pension?
00:45 - How A Reversionary Pension Works
01:42 - Benefits of a Reversionary Pension
03:14 - Reversionary Pension Considerations
04:25 - How to Set Up a Reversionary Pension
05:10 - Alternatives to Reversionary Pensions
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-- What is a Reversionary Pension and Should You Start One? --
Once you’ve retired, you’ll probably be looking to start a pension income stream with your superannuation savings. But, not many people consider whether or not their pension should be reversionary.
A reversionary pension not only provides estate planning certainty, by giving you greater control over who receives your retirement savings in the event of your death, but can also provide some great tax benefits.
In this video I’m going to show you how a reversionary pension works, the benefits of a reversionary pension, reversionary beneficiary considerations, how to set up a reversionary pension and alternatives to reversionary pensions.
#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning
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Пікірлер: 16

@eddiecoyle5019 Жыл бұрын

Another lesson delivered well. Thank you Chris

@SuperGuyAu Жыл бұрын

You're welcome, Eddie. Thank you, as always, for your kind comments.

@vt9853 Жыл бұрын

Thanks Chris, great info and well explained. Appreciate it :)

@SuperGuyAu Жыл бұрын

You're welcome. Glad it was helpful!

@vt9853 3 ай бұрын

Thanks heaps Chris. Really well explained and an important considerations. Really appreciate it. An idea for another clip may be on brought forward, limits for couples and singles i.e. $1.9m then growth up to $3m ($6m as a couple). How it works between a individual v's a couple. Timing of locking in transfer cap limit i.e. at a time investments dip (May can be a low month in stock values)

@Eagleeye644 15 күн бұрын

Thanks Chris, it's really helpful. How if the beneficiary has not reached the retirement age of 67? Will the reversionary pension stream be tax free?

@Stephen-pi4lw 3 ай бұрын

Hi Chris, Thank you so much. My wife is my Reversionary Beneficiary.... If I pass and she has her Super still in the Accumulation phase, can she covert her Super to Pension phase AFTER to ADD to my Reversionary amount which she gets automatically?

@SuperGuyAu 3 ай бұрын

It will depend on the balances or each . It may also be more beneficial for her to commence a second pension, instead. Probably best for her to get advice at that time ,should such a tragic event occur.

@GlennMaiKhao 11 ай бұрын

Can the beneficiary (when I pass away) take a lump sum or change the withdrawal percentage from the reversionary pension? Are either of these (lump sum or percentage change) affected if the beneficiary is retired or not?

@SuperGuyAu 10 ай бұрын

It depends on the type of pension. If it is an account based pension, the pension draw down rate can be altered and the beneficiary may be eligible for pension payments of up to 100% of the balance. However, there may be tax implication on the withdrawals, depending on the tax components of the pension.

@GlennMaiKhao 10 ай бұрын

Hi Chris, Yes, an account-based pension - cheers!