Money Talks education seminar draws big Mt Lawley crowd


Michael Kallis from AustralianSuper addressing the crowd.
Picture: Giovanni Torre
Michael Kallis from AustralianSuper addressing the crowd. Picture: Giovanni Torre

ABOUT 80 people gathered at the Mt Lawley Bowls Club to gain insights into establishing financial security after retirement during lean economic times as part of Community News’ Money Talks education seminars.

Michael Kallis from AustralianSuper stressed the importance of asking clients what was important to them, noting that a secure place to live, being able to enjoy life through leisure and money in the bank were the top three concerns.

Kate Ballance from AustralianSuper encouraged the audience to examine the benefits of a Transition To Retirement plan, in which salary sacrificing could be used to minimise tax and increase savings.

John Wood from National Lifestyle Villages spoke on the down-sizing and cost-cutting opportunities opened up by lifestyle villages, which combined the benefits of retirement villages – security, low maintenance, care if required – with the upsides of ordinary suburban housing – privacy, self-contained, willable asset.