Cotter Advice
How can I save taxes now I’m 60?
What changes with super now that I’m 60.
- You may be able to access super in various ways
- Lump sum if not working
- Transition to Retirement Income Stream if working
- Account Based Pension if you have a post-age 60 retirement event (NB this is a defined event – please seek advice)
Can I generate bigger tax deductions than I’m currently getting.
- If you can access more cash you may be able to
- Put more into super including
- To look back over previous year’s unused tax deductions
Can I and should I pay more off my mortgage.
- If you take income from your employer, pay taxes and Medicare and then pay your mortgage, you might be paying more tax than paying the same off your mortgage by passing the money through superannuation.
- If circumstances allow you to pay less tax, you can direct that tax saving to your mortgage for a win-win.
Contact Cotter Advice
Key Associate: Asher Cotter
Business Phone: 02 4346 4400
Address: Level 1, Unit 4, 25 Anzac Road, TUGGERAH NSW 2259
Cotter Advice Pty Ltd is a joint venture between Asher Cotter’s nominee and HNW Group Holdings Pty Ltd to own business goodwill. The shareholding for Cotter Advice Pty Ltd is Asher Cotter’s nominee (49%) and HNW Group Holdings Pty Ltd (51%). Regulated activity is provided by advisers sub-authorised by Life’s Nett Pty Ltd (ASIC 1293632). Life’s Nett Pty Ltd is a corporate representative of HNW Planning Pty Ltd (AFSL and ACL 225216). Revenue sourced from Cotter Advice Pty Ltd’s goodwill, net of fees paid to HNW Planning for its licensing services, is paid to Cotter Advice Pty Ltd. Cotter Advice Pty Ltd then meets operational costs including support staff, rent, and associate remuneration. If there are distributable profits, such profits may be retained and re-invested in the business, or alternatively dividends may be paid to shareholders.