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Andrew and Michelle, a couple in their early 60s and late 50s, had recently retired after building successful careers and raising three adult children. Following the sale of a significant property and the completion of their new home, they wanted to replace lost rental income, manage a large capital gains tax liability, and ensure they could enjoy their retirement lifestyle while also supporting their children and grandchildren.
Client Stories - Retiring Now
Andrew & Michelle’s Retirement Transition
Client Overview
The Challenges They Faced Included
- Replacing their rental income from their sold property
- Managing capital gains tax from a property sale
- Andrew having minimal superannuation while Michelle held a larger balance, creating planning complexity
- Significant short-term expenses: home build, travel, and vehicle purchases
- A desire to generate income without depleting capital, particularly Andrew’s concern about “not wanting to spend any capital”
- Limited understanding of superannuation rules, contribution strategies, and retirement income streams
Our Solutions Focused On
- Optimising superannuation contributions, including tax deductible, and after-tax contribution strategies across both clients, resulting in contributions of almost $850,000 and tax savings of over $45,000
- Establishing account-based pensions to create reliable, tax-free retirement income
- Implementing a diversified investment portfolio to provide regular income while preserving capital.
- Updating estate planning and beneficiary arrangements to ensure a fair and tax-effective transfer of wealth to their children
- Providing ongoing advice and regular reviews to adjust their strategy, educate them on superannuation, and build their financial confidence
Where Andrew & Michelle Are Now
Andrew and Michelle now enjoy a reliable retirement income in-line with their expectations, supported by both superannuation pensions and investment withdrawals. Despite major expenses and family gifting, their retirement asset base has been preserved. Andrew feels reassured that they can draw income without “running out of money,” while Michelle is confident in her superannuation and future pension income. With estate planning updated and ongoing guidance in place, they are enjoying their retirement lifestyle while supporting their family and maintaining long-term financial security.
These stories are real client stories. For privacy protection, we have changed their name and used an stock image.
