Advisor Q&A: What the new pension rules mean for you

The clock is ticking down. As of right now, you have just over three months to get your pension affairs in order in time for new rule changes that take effect from July 1.

If you fail to act, you could permanently damage your retirement income plans and, worse still, suffer significant and serious financial consequences.

Those with large retirement balances above the incoming $1.6 million pension balance cap will also be subjected to penalties levied by the Australian Tax Office if they fail to act before the June 30 deadline.

Steps could include resetting the assets within your pension account to avoid capital gains tax, and undertaking a partial commutation. It's all highly complex.

But don't despair. In case you missed our live webcast in February, when our expert financial advisors Max Newnham and Bruce Brammall explained all the changes and answered specific listener questions on-air, we're doing it all over again next Thursday (March 23) at 12:PM AEST.

Max and Bruce will fully explain the new pension rules, the implications for retirees, and for those still in superannuation mode planning out their financial affairs with a view to retirement.

Register here

Click here to register for this important live webcast today, and feel free to send in your questions beforehand so our advisors can provide you with a considered response.