I’m under 60. Does my super payout also affect my other income, and tax bill?
Q: I turn 55 soon and I am eligible for a super payout of $150,554 next month of which only the $554 is taxable at 16%. However I still intend to keep working and wondered how this will affect the tax payable on my super.
I retired at 59. Do I pay tax on my superannuation lump sum?
Q: I retired in September 2011. I’m now living on a tiny super pension since then of $640 a fortnight. In September 2011, I also received a $15,000 superannuation lump sum. The tax free component of my total superannuation is [...]
Can I withdraw super if the bank is foreclosing on my mortgage?
Q: I’d like to get help with withdrawing my super as I’m in financial difficulty and I’m concerned that the bank could foreclose on my mortgage.
Can I use my super to pay bills?
Q: I am short on funds and looking for a job. Can I apply to use some of my super to pay bills?
Accessing super to be a carer and work part-time
Q: I am aged 40 and intending to finish work and care for my elderly dad. Can I withdraw my super and can I work a few hours?
Can you access super to pay your mortgage if you’re unemployed?
Can he access some of his super to make payments on the house while he is unemployed as he does not want to lose his house he has had for the past 12 years?
Can a single parent in financial hardship access her super?
Q: Just want to commend you on your website. I have a friend who has separated from her husband some years ago. As part of the deal she got half his super at the time and has $86,000 sitting in the [...]
Access to super at 55
Q: I took a voluntary redundancy payment in 2008. I have not found a job since then and I am now married to a German and a resident of Germany, I intend to live and retire here. I have $240,000 in my [...]
Should we transfer our super to a bank account to avoid fees?
Q: My husband and I are retired. We receive the bare pension and health card and we have our super in a Family Super fund account in a bank. We are both over 65 and have a financial adviser who [...]
Accessing super due to severe financial hardship
Q: I would like to know how I could go about accessing my super early on the grounds of extreme hardship. I have 2 children and I’m a single parent. I am a NZ citizen and have no entitlement to Centrelink [...]
I’m 60 and not working. Can I access my super?
Q: Hi, I have recently turned 60 and I would like to access my super. I have not worked mid July 2011. Is there any reason why I would not be able to withdraw on my super? I have not been getting unemployment benefits.
