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Expert Retirement Planning on the Gold Coast

Retirement is something that we all look forward to. It’s when we finally get to reap the rewards of a lifetime of hard work; when we can kick back and enjoy the finer things in life. But, are you on track to see your dream retirement come to fruition? Will you have the funds at retirement to live the lifestyle you’ve been dreaming of?

Take the guessing game out of your retirement. Get confidence and clarity about your financial future with Centaur Financial Services, the experts in retirement planning on the Gold Coast.

Plan Today for a Better Tomorrow

The key to fulfilling your retirement dream is to put the wheels in motion today – plan today for a better tomorrow.

Some of the most important questions are those we never ask: How much income do I need in retirement? Will I be able to get an age pension? How big does my nest egg need to be? What age can I retire?

Do you have the answer to these questions? If not, then Centaur Financial Services’ retirement planning service will be beneficial to you. Our team of friendly Gold Coast financial planners can help you answer such pressing questions, and develop a retirement plan that puts you on track to reach your retirement goals.

pre-retirement couple seeking advice
retired couple traveling

Benefits of Retirement Planning

Retirement planning is one of the most beneficial investments you can make towards your quality of life. In fact, according to ASIC’s August 2019 Financial advice report, retirement income planning was the second most sought after advice, at 37%, behind investment planning (48%).

True, our Gold Coast retirement planning service can help you stay on target to reach your retirement goals, but there are many other benefits to avail.

Take advantage of the many retirement planning benefits by taking the first step. Contact your Gold Coast retirement planning partners, Centaur Financial Services, to start planning your retirement today.

Our retirement planning and advice can also help you:

Gain peace of mind and reduce your stress during retirement
Get confidence and clarity about your financial future
Set clear, tangible goals for the future
Develop a savings strategy to boost your superannuation
Manage key investment risks to achieve the right outcomes
Avail several tax benefits, including reducing income taxes during retirement
Save money with long-term policies by acquiring them at a lower premium at a younger age

The Centaur Difference

Centaur Financial Services isn’t an ordinary financial advice firm. We take pride in offering expert advice in a comfortable and welcoming environment.

Our goal is to help you achieve and then enjoy your retirement goals. We have a proven investment approach which gets you through your investment up’s and down’s, while still receiving a regular ‘pay cheque’, as you have your entire working life.

We’ll show you what’s right for you, and step you through our six-step process. From Discovery to Analysis, Strategy to Recommendation, to Implementation and Ongoing advice, we will explain the entire process, so you know what’s happening, every step of the way.

We can help you maximise your income throughout your retirement and meet your estate planning needs. Take the first step by contacting one of the most awarded financial advice firms on the Gold Coast, Centaur Financial Services today.

Frequently Asked Questions About Retirement

  • When can I access my superannuation?

    The age in which you can access your super – your ‘preservation age’ depends on your year of birth. Anyone born after June 1964 can access their super at 60. If you are born prior, your access is earlier:

    Date of birth Preservation Age
    Before July 1960 55
    July 1960 to June 1961 56
    July 1961to June 1962 57
    July 1962 to June 1963 58
    July 1963 to June 1964 59
    After June 1964 60

    If you are between 55-60, you can ease into retirement under the Transition to Retirement strategy (see “What is Transition to Retirement, and is it worthwhile?” below.)

  • How much super can you have and still get the pension?

    Your pension eligibility depends on your age, total asset value and income. Once you reach pension age, your superannuation is classed as an asset.

    To receive a full pension, homeowners can have up to $401,500 in assets for couples and $268,000 for singles. Non-homeowners can have up to $616,000 in assets for couple and $ 482,500 for singles.

    To receive a partial pension, homeowners can have up to $876,500 in assets for couples and $583,000 for singles. Non-homeowners can have up to $1,091,000 in assets for couple and $797,500 for singles.

  • What is a comfortable retirement income in Australia?

    The Association of Superannuation Funds of Australia (ASFA) estimates a superannuation balance of $640,000 is required for couples to live out a ‘comfortable’ retirement and $545,000 for singles. This is, assuming you withdrew your super as a lump sum and received a part Age Pension. This can be broken down to  $62,269 per year for couples or $44,146 per year for singles.

    The ASFA’s definition of ‘comfortable’ is being able to enjoy recreational activities, occasional travel, top-level health insurance, mid-range priced car, and electronics.

    Interesting, couples would need $40,560 each year for a modest retirement, and singles would need $62,269 per year.

     

  • What is the best month to retire in Australia?

    Believe it or not, there is a better time to retire in Australia, and it’s not at the end of the financial year. It’s in December. Why? Because of the tax incentives. If you retire at the end of December, you only pay tax on six month’s income of that financial year, rather than the full year.

    For example, if you are on $60,000 per year, you fall within the $37,001 – $90,000 tax bracket and will be taxed around $12,272. However, if you retire in December, you earn just $30,000 for the financial year, and then fall within the $18,201 – $37,000 bracket. So, you will then only pay $2,808 in tax. That’s a massive saving!

  • What should you consider when planning for retirement?

    It’s your life, your retirement; therefore, only you can decide how you wish to live it. To ensure your retirement is all you want it to be, it takes planning and consideration. While we can help with the planning, we require guidance to devise the best strategy. And this can only come from you.

    To ensure you meet your retirement goals, you need to consider the following:

    • How and where you want to live in your retirement
    • The type of lifestyle you will live in retirement
    • When and how you would like to retire
    • Will you have enough money to retire?
    • Whether you’re on track to reach your goals
    • Will your nest egg last see you through your retirement?
    • How you will spend your time in retirement

    For retirement confidence, you need to know the answer to these questions.

  • What is Transition to Retirement, and is it worthwhile?

    Transition to Retirement (TTR) is a Government strategy that allows people between the ages of 55 and 60 to draw down some of their super while still working. There are many benefits of TTR, including the ability to reduce your hours, increase your super, and increase your income. However, be wary, drawing down on your super early will affect your retirement income, which may, in turn, affect your retirement goals.

See what our happy client's have to say about us!

If you are looking for a company that will go above and beyond to look after you and your money, you can do no better than Centaur Financial Services. Real People, Real Service and Real Returns.
Karen Hobbs
Karen Hobbs
07:26 24 Nov 20
Hugh has been our financial advisor for over ten years. We have always felt very comfortable and confident, trusting in Hugh’s knowledge and strategies in his industry. The Centaur team are friendly and efficient and would have no hesitation in recommending Centaur Financial Services to anyone looking for financial advice.
Pam Lindores
Pam Lindores
06:38 24 Nov 20
Hugh has always made us feel comfortable in every interaction we have had with him and his team, very professional but to a standard that we as non financial experts understand what he is talking about, we feel his advice to us has always made sense.
Peter Craig
Peter Craig
10:12 23 Nov 20
I have felt comfortable from the outset with all interactions with Hugh and the crew. It is nice to feel this way and I feel a rare experience in our current business climate.
Linda Leighton
Linda Leighton
10:03 23 Nov 20
Could not be happier with how our Super is being handled. Hugh and the pleasant girls at Palm Beach would literally bend over backwards for any of their clients.We would not hesitate to recommend Centaur Financial Services to anyone that is looking for a reliable and honest crew to look after their financial affairs.
Ronnie Foley
Ronnie Foley
05:30 07 Aug 20
I have found all members of Centaur staff to be unfailingly prompt, efficient and considerate. They have all seen me through some difficult personal issues and i would have no hesitation in recommending the firm to anyone in need of financial planning assistance or advice.
Ronald Black
Ronald Black
03:59 23 Jul 20
I have known Hugh for more than ten years and have always found him approachable, direct and very client centric. Hugh was a deserved winner of the 2018 AFA Adviser of the Year award, an award which eclipses all others in the advice profession. Hugh and his team at Centaur support many Australian families on their financial journey with advice that provides certainty and peace of mind.
Marshall Brentnall
Marshall Brentnall
23:05 30 Oct 19

Need Expert Retirement Planning on the Gold Coast?

Turn to Centaur Financial Services, the Gold Coast’s Retirement Planning Specialists.

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The information provided on and made available through this website does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Centaur Financial Services do not warrant the accuracy, completeness or currency of the information provided on and made available through this website. Past performance of any product discussed on this website is not indicative of future performance.

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