Lawrence Group
Gordon’s Pension Entitlements are Reinstated
About Gordon & Maria
This retired couple were losing out on pension entitlements
Gordon is an existing Lawrence client who got in touch after he and his wife, Maria, found their age pension was significantly reduced following changes in the asset test limits by the Government.
Gordon felt helpless in the face of these legislative changes. He knew that with an income reduction like this their plans for the future would change.
It meant that he and his wife would have to start drawing more from their Superannuation to fund their retirement.
Who:
Husband & wife
Age:
60 & 67
Occupation:
Retired
Problem:
Reduced income after pension changes
Lawrence Group
How We Helped
Lawrence Financial Advisors prepared advice to cash out a large amount from Gordon’s Account Based Pension and make a large personal contribution to Maria’s super.
As Maria’s super was exempt from the asset test, her husband was able to revert back to the full age pension for the next 5 years until his wife reached age pension age.
This meant they could relax and continue to enjoy their current lifestyle, secure in the knowledge that their retirement savings would last a lot longer.
Gordon & Maria avoided pension cuts. How could we help you?
Ask how our financial planners can help you.
The Outcome
$10,000 back in their pockets!
After working with Lawrence’s Business Advisors and Super specialists, Gordon and Maria have an extra $10K of pension entitlements back in their pocket every year. Their Super remains secure for a later date and they continue to enjoy the lifestyle they want.
Other people that Lawrence have helped
ABC Construction Needed Finance
See how we helped a new business win a big contract by arranging equipment finance...
read more
John’s business was in debt
Here’s how we helped John out of debt after his business was strapped for cash during the mining downturn... read more
Jane said goodbye to bookkeeping headaches
Take a look at how we helped Jane who had years of incorrect data entry and felt out of control and lost on how to fix the problem... read more
David’s big ATO problem
See how our Accountants helped David when his business partner went rogue... read more
Let's make it happen
Get in touch today while it's fresh in your mind.
Design Financial Advisory provides valuable outcomes to all of our clients, every time. We maintain our knowledge and expertise to the highest standard. We pride ourselves on working closely with our clients, so that they can achieve their goals and start living the life they want.
Contact
1/ 776 Canning Highway
Applecross WA 6153 Australia
Phone: (08) 6263 9933
Email: support@dfadvisory.com.au
Financial Planning services are provided by Design Financial Advisory Pty Ltd ABN 38 601 905 266, a Corporate Authorised Representative (ARN 465713) of Design Advisory Group Pty Ltd AFSL 492049, ABN 65 614 217 819. View our
Design FSG & Privacy Policy
and
Design Advisory Group Public Complaints Policy.
Accounting and Taxation services for self-managed superannuation fund (SMSF) clients are provided by Design Financial Advisory Pty Ltd. Our liability is limited by a scheme approved under Professional Standards Legislation. Further information on the scheme is available from the Professional Standards Councils’ website:
https://www.psc.gov.au.
View our:
General Privacy Information & Disclaimers.