Banking tips for retirees

Managing your money in retirement

• Consider cash investments with a longer term. You may earn a higher return and you may get the option to receive your interest payments monthly to generate a regular income stream for you in retirement
• Find out how investments can benefit your tax position, if you have received ample income in one year. It may be advantageous for you to time your investments so that you receive your interest payments in the following financial year
• Consider how your investments should be structured to maximise your social security entitlements. A NAB Financial Planner can help with this If you don't have an adviser, arrange an appointment with a NAB financial planner or call 1300 558 863 between the hours of 8:00am - 8:00pm (Melbourne time, GMT +10), Monday to Friday, to arrange an appointment
• Keep your savings in a separate account to your everyday bank account so you can maximise the interest you earn.
• Consider cash investments that will provide you with a regular income stream
• For greater convenience, start using NAB Internet Banking and NAB Telephone Banking
• If you plan to travel in Australia, ask us for the brochure showing where all the NAB ATMs and branches are located