31/05/2016

With the end of financial year looming, it seems the time couldn't be better to make sure that you have all the correct documentation in place.

You’ve worked all your life to provide for your retirement and now is the time to start cashing that in.

You wouldn’t want to be unnecessarily penalised for not having the correct documentation in place. That’s where we come in.

Whether you want an account based pension or a transition to retirement pension we can help you by preparing the correct documentation. Having a reversionary beneficiary may be something you want and we can do that too.  We can even advise on how that will play out in comparison to your binding death benefit nomination, if any.

If you already have a pension that no longer suits your needs it is possible to vary the terms of the pension. It is also possible to refresh your pension balance if you have an additional balance you wish to add.

The recent Federal Budget announcements will impact all your decisions in this area too.

It is essential that your documentation reflects the arrangement you have in place so if you’re thinking of changing anything then you must ensure you have documentation to show this.

Make sure all your ducks are in a row before the clock stops – talk to Townsends Lawyers!

For further information, please contact Townsends Business & Corporate Lawyers on (02) 8296 6222.