Investors Voice Category: Retirement

It is well known that any money withdrawn from superannuation after age 60 is tax-free. What is less well-known is that a couple over the age of 65 can earn $57,948 outside super and also pay no tax.

Aged care today means many things; from low-level intermittent assistance with gardening and cleaning the house, to integrated home care packages that combine clinical care, personal care and domestic support in the home.

Based on figures from the Australian Institute of Health and Welfare you should plan for approximately 17-25% of your retirement years to be “care years”.