0:07 [Music]
0:09 the traditional wisdom on retirement
0:11 strategies has remained consistent over
0:14 many years use an accumulation super
0:16 account contribute and invest as much as
0:19 you can for as long as you can starting
0:22 as early as you can then transition to a
0:25 pension account in retirement and draw
0:28 down hoping it will last this is still
0:30 sound advice but doesn't add many
0:32 Australians big questions about
0:35 retirement in this series we'll examine
0:38 how my North lifetime works we'll show
0:41 how it puts advisors at the Forefront of
0:44 client retirement needs and with longer
0:46 Life expectancies we'll run through how
0:48 it ensures more Australians can spend
0:50 and live in retirement with the
0:54 Assurance they need my North lifetime
0:55 comprises three accounts that give
0:58 advisers the tools and flexibility to
1:00 match retirement strategies to client
1:03 goals and unlike some other retirement
1:06 income options clients can only access
1:08 my North Lifetime by their advisor
1:10 providing more opportunities for
1:12 long-term client engagement with
1:15 enhanced outcomes my North lifetime
1:18 spans three account options the lifetime
1:22 super account lifetime income account
1:25 and deferred lifetime income account
1:28 this Suite of super and pension accounts
1:30 can work together to provide your
1:31 clients with a high rate of income in
1:35 retirement that never runs out it also
1:38 enables a range of new strategies to
1:40 optimize tax and centering benefits
1:41 along the
1:48 glance the my North lifetime super
1:50 account operates like a standard super
1:54 account it has the same tax preservation
1:56 and contribution rules there's no
1:59 minimum age and funds can be withdrawn
2:02 without penalty and it provides choice
2:04 to invest from North's extensive super
2:07 and pension menu but two simple
2:10 differences can have an outsized impact
2:12 clients can stay until they meet a
2:15 condition of release and can transition
2:17 into one of our other lifetime accounts
2:20 and clients can accumulate potentially
2:22 substantial selling benefits through a
2:25 discounted asset test for future age pension
2:26 pension
2:29 eligibility the my North lifetime income
2:32 account is a flexible pension account
2:35 with two distinct advantages it can
2:38 increase age pension eligibility and
2:40 provides a high rate Market linked
2:44 income stream that never runs out how
2:45 does it never run
2:49 out it's topped up by guaranteed annual
2:52 bonuses paid to each account each year
2:55 it works like life insurance in Reverse
2:58 you receive an annual payout and pay a
3:00 lump sum premium to to the insurer upon
3:04 death or exit you can open a minor
3:06 deferred lifetime income account for
3:08 your clients from the age of
3:11 60 they can use their contributions to
3:13 accumulate money in a tax-free
3:15 environment and you can defer the income
3:19 stream up to age 100 this account
3:21 supports a range of contribution and
3:24 withdrawal strategies that can enhance
3:26 age pension eligibility as well as
3:29 transfer balance and total super balance
3:30 and tax
3:33 outcomes when your client is ready to
3:35 commence an income transitioning into a
3:39 my nor lifetime income account is easy
3:41 developed by the north team of
3:43 retirement experts in collaboration with
3:46 advisers my North lifetime is now
3:48 available on most of the major appls
3:52 across Australia so unlike many other
3:56 options my nor lifetime Solutions offer
3:58 full investment Choice from North super
4:02 and pension menu up to 100% discounts on
4:04 the assets and income tests and the
4:07 possibility of significantly higher age
4:09 pension the ability to accumulate
4:11 pension assets above the transfer
4:15 balance cap pre-retirement enhancement
4:18 with super and deferral options and
4:21 higher rates of income that last a
4:24 lifetime clients despite your best
4:26 efforts and support often worry through
4:29 retirement Unsure how much they can
4:32 safely draw down to generate an income
4:35 as a result most retired Australians are
4:38 cautious they draw less than they could
4:40 and leave more savings behind than
4:43 intended that's where my North lifetime
4:46 comes in to learn more about my North
4:48 lifetime Solutions and their benefit for
4:51 advisers and their clients please view
4:54 the full range of videos in this series
4:56 from how the asset test benefits work to
4:59 maximize age pension to the Dynamics of
5:03 creating income for life we provide all
5:06 the details you need when engaging with [Music]
