Q: We are Australians living and working on a South Pacific island and age wise we are eligible to access our super later this year. We have retired from Australia and have no intention of working in Australia again, but does it affect our “retired” status for superannuation if we are running our own business overseas which has no connection at all to Australia?
You ask a very popular question, although I am not permitted to provide you with specific advice on this matter.
Your Australian super fund will require you to sign a retirement declaration, and you will have to check the wording of the declaration to determine if you’re comfortable signing such a form. I have answered a similar question to your own in the article Accessing super early: Living overseas and over the age of 55, which may assist you as well.
The final decision will rest with your super fund when determining whether you have satisfied a condition of release.