Transition to retirement

Transitioning to retirement allows you to retire on your terms

Liston Newton Advisory
Liston Newton Advisory is rated 4.8 from 32 reviews
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When you’re thinking about retiring, it’s important to be prepared

When it comes time to transition to retirement, it’s not an all or nothing moment. A transition to retirement strategy allows you to reduce your working hours in the lead-up, and replace some of that pay by drawing an income stream from your super.

At Liston Newton Advisory, we assess your current and future financial situation and help you decide if a transition to retirement strategy is right for you. We then build a strategy that puts the wheels in motion for your retirement. It’s all about retiring on your terms.

Retirement advice
Personal cashflow modelling
Superannuation advice
Investment advice
Taxation advice
Pension planning

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Learn more about your business with our comprehensive guides

At Liston Newton Advisory, we take pride in helping business owners get more out of their hard work. Our downloadable guides can give you an in-depth look at strategies and technologies that will help your business grow.

  • Discover tax strategies and business structures available to you
  • Understand and apply new business management technology
  • Get in touch with us for information tailored to your business

When it comes to retirement planning, we’re in this for the long haul

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Holistic advice

We provide holistic advice to ensure every aspect of your retirement planning is taken care of. We also offer financial planning, wealth management advice, and taxation advice to help determine if a transition to retirement strategy is right for you.

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A wealth of experience

Our team has over 40 years of experience helping our clients navigate their personal finances as they approach retirement.

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Trusted networks

When you work with us, you’re able to tap in to our trusted network of investment advisers and taxation specialists who will help with your retirement planning.

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A collaborative approach

We take the time to ensure you fully understand your retirement options, and that you’re comfortable with the plan we’re building together, so you get peace of mind that you’re making the right choices.

Our retirement planning team

Retirement isn’t a one-size-fits-all approach. There’s a lot to consider, particularly you’re starting to think about transitioning to retirement. So our expert team works with you to help you understand every aspect of what’s involved.

From personal cashflow modelling, to pension planning and superannuation advice, we ensure that the transition to retirement advice and strategies we provide are tailored to your personal situation. We work with you throughout the entire process, and into your retirement, so you get complete confidence that we’ve helped you make the right decisions.

Kieran Liston, Director | Adviser

Meet our retirement planning experts

We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan
Pandora

Our method for your financial freedom

Throughout our 40-year history, we’ve developed a unique methodology for personal wealth creation. We call it Get Set, Get Moving, Get Free. After all, this is what retirement should be all about: freedom.

Our transition to retirement experts will help you use the right combination of strategies to ensure you’re able to take control of your future, and enjoy retirement the way you’d always planned.

Find out how we do things
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Trust your retirement to the experts

Our qualified team give you complete peace of mind that your future is secure.

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Get ready to take control of your future

Speak to our transition to retirement planning experts today, and put strategies in place to retire on your terms.

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Frequently asked questions

Who is eligible for a transition to retirement pension?

You’re eligible for a transition to retirement pension if:

  • You’re still working;
  • You’ve reached preservation age; and
  • You have an eligible superannuation stream.
What’s my preservation age?

Preservation age is the age from which you can start to access your super.

Once you reach preservation age, you can begin accessing your super under a transition to retirement strategy.

However, you can still continue working once you reach preservation age, and many do. This means you and your employer can continue making super contributions up until you decide to retire.

The current government preservation age brackets are:

  • 55 for a date of birth before 1 July 1960
  • 56 for a date of birth between 1 July 1960 - 30 June 1961
  • 57 for a date of birth between 1 July 1961 - 30 June 1962
  • 58 for a date of birth between 1 July 1962 - 30 June 1963
  • 59 for a date of birth between 1 July 1963 - 30 June 1964
  • 60 for a date of birth from 1 July 1964 onwards
How does a transition to retirement strategy actually work?

Transitioning to retirement is all about managing the last years of your working life as effectively as possible.

Once you reach preservation age, and still gainfully employed, you can do two things. You can:

  • Use a transition to retirement strategy to reduce your working hours, and draw from your super to supplement your income; or
  • Continue to work full-time, and continue to add to your super.

Once you reach 60, you’re able to receive your super income tax-free, so the first strategy works best at this age. When drawing from your super, you’re able to withdraw a maximum of 10% of your pension account balance each financial year. No lump sum withdrawals are allowed.

How is my transition to retirement taxed?

If you’re 60 years or older, you pay zero tax on the superannuation payments that you withdraw.

If you’re between preservation age and 60, you will be taxed at your marginal tax rate on your taxable income. You’ll receive a 15% tax offset on your super drawdown.

Any investment earnings are taxed at 15%.

How is a transition to retirement strategy different to a superannuation pension?

Under a transition to retirement strategy, you’re still working while you reduce your hours, and you can begin to draw from your superannuation. You can also continue making super payments as your work. You’re not able to make lump sum withdrawals of your super.

Under a superannuation pension you can withdraw your super in an income stream, or get it in one lump sum.

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