Retirement Financial Planning - Income Strategies

smiling elderly couple discussing retirement income strategies sunshine coast


As one of the longest running financial planning companies on the Sunshine Coast, you can be assured our retirement financial advisors in Nambour will provide you with the best retirement planning advice possible, all tailored to your circumstances and needs.  

When you are looking toward retirement, maximising your income to support the vision of your new retirement lifestyle, will likely be at the forefront of your mind. This is where our retirement financial planning specialists come in.  

With regard to financial retirement income planning, there are many possible scenarios our financial planners can help you best prepare for, but generally, there are two main options of how you could receive income if fully retired: 

1. Income Streams 

These could be:

  • Income drawn from your Superannuation investments commonly called an Account Based Pension or Income Stream. When you retire your superannuation can be transferred to a Pension so you can draw a regular income from this tax effectively. Usually this income is drawn from your investments on a monthly basis, although you can choose other time intervals such as quarterly or twice a year for example. Most people find monthly the best option for managing their incomings and outgoings.
  • Income drawn from a non-superannuatIon investment such as savings or invested monies. This would be received as a regular withdrawal, most often on a monthly basis, but again this can be adjusted to any preferred interval as required.

2. Age Pension from Centrelink 

You may qualify for a part Age Pension or a full Age Pension depending on your assets, investments and income. Our retirement plan advisors offer assistance with Centrelink to provide you with your full entitlement to any Pension or Allowance.

Your Age Pension eligibility will be based on government defined assets and income limits, and our retirement financial planners can assist you in completing your application for assessment. There may be retirement investment strategies that suit your needs and at the same time increase your entitlements. 


Depending on your age, your partners age, your mutual work circumstances, and your total assets, the combination of these various income streams will determine our financial planning firm's suggested strategy for your household. For example, there are stategies that can be used if only one spouse is of Age Pension age. It may be that a simple restructure of your finances leads to a higher level of income.

The goal of our retirement financial advisors is to maximise your income stream for you. When you become a Maher Digby Financial Planning client, your assigned retirement plan advisor works very hard to ensure you're presented with the best retirement planning advice tailored to your circumstances and needs.

For a deeper view on retirement income options your can view our article: Your Retirement Pension Entitlements


Of course some retirees keep their hand in the job market with some form of part-time work.

Under these circumstances you would keep a small Superannuation account open to allow for any futher contributions until such times as you are fully retired. The value of doing this can be assessed by an overall review of your assets and income. There are also 'transition to retirement' options which include receiving an income stream from an Account Based Pension while still working part-time.

You can reference some further information about when you can access your superannuation in our article in the Market Update section of this website.

To get in touch with an experienced Maher Digby retirement financial advisor to discuss retirement financial planning income strategies, please send your enquiry via the form on the right of the page here, or phone our Sunshine Coast financial planning firm directly on the number at the top of this page.

Please ask about our complimentary, initial financial planning consultation.