No early super access for business debts or tax bills
Q: I am a small business owner in the incubus stage. I have just submitted my taxes for the first time in 3 years as the struggle to keep a small business alive has left me working to live. I [...]
Accessing super early: Not for business debts
Q: I am in partnership in a franchise business that needs some financial input at this time. We have been struggling since the beginning of the recent financial crisis, and have fallen behind on rent and we are just managing to keep up with service providers.
I’m leaving Australia: Can I access my super?
Q: I really found your web page very informative as I am just about to retire. I wish I had read it years ago. You certainly take the mystery out of super. My son, 42 yrs old has moved permanently [...]
Property and super: What’s the deal? (12 popular Q & As)
We receive many questions about investing in property using super money. Questions range from: ‘Can I withdraw my super to buy a house to live in?’, through to ‘How can I use my super fund to borrow money to invest in property?’.
Accessing super to buy property: part two
Q: I am 55 years of age. Can I use my super to purchase my first home in Australia? The answer is no, and yes. You must satisfy a condition of release to access super and wanting to buy a property to live in, is not considered a condition of release.
Accessing super to buy property: part one
Q: A few years back my wife and I owned six homes, five here in Australia and one in NZ, where we were caught out by a marketeer over an investment. We lost it all. Not good when you consider we are in our 50s.
Gone missing! Have you checked your super lately?
If you have a few spare moments, I suggest you contact your superannuation fund and ask the person on the other end of the phone to verify your superannuation account balance, and confirm that no one has withdrawn any of your super cash lately.
Super for beginners, Part 9: If I retire and take my super, can I return to work?
Q: Hi I am 58 years old. Apparently you can get a lump sum of super before 60 if you have permanently retired. Can you still later look for work again? How do you prove you have permanently retired? The [...]
