• TFC Financial

What Is Your Retirement Style?


One of the most obvious questions asked when planning for your retirement is what level of comfort you want to enjoy in your golden years. To know what constitutes “comfortable”, the Association of Super Funds in Australia (ASFA) publishes a quarterly survey as a guide to what the average person spends per year.

The survey assumes home ownership and shows figures for a ‘modest’ and ‘comfortable’ lifestyle for singles and couples. A modest lifestyle means better than just surviving on the age pension but still only being able to afford fairly basic activities. Comfortable means being able to afford a broad range of leisure and recreational activities, private health insurance, a reasonable car, good clothes, a range of electronic equipment, with domestic and occasionally international travel.


With the current maximum annual age pension for singles being just $23,254 and $35,058 for couples, this is a powerful incentive to increase your own savings.

It’s never too early to start planning for your retirement. Speak to us about the options available to ensure you don’t miss out.


Note: the pension figures quoted include the Maximum Pension Supplement & Energy Supplement.

SOURCES FOR YOUR INFORMATION

www.humanservices.gov.au Payment Rates for Age Pension

#Retirement #PlanRetirement

Toowoomba Financial Centre Pty Ltd ABN 88073088070, trading as TFC Financial is a corporate authorised representative of Charter Financial Planning Limited ABN 35 002 976 294 Australian Financial Services Licensee License number 234665. This article contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making any strategy or product decision.

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Office:   Canberra Place 123 Margaret Street

              Toowoomba QLD 4350

              (Cnr Margaret & Hume Sts)

Postal:   PO Box 1591, Toowoomba QLD  4350

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December 4, 2018

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Toowoomba Financial Centre Pty Ltd ABN 88 073 088 070, trading as TFC Financial is a corporate authorised representative of Australian Financial Services Licensee 234665, Charter Financial Planning Limited ABN 35 002 976  This website contains general advice only. You need to consider with your financial planner, your investment objectives, financial situation and your particular needs prior to making any strategy or products decision.

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