Condition of release

A condition of release is a term that means a member can take his super out of the super system after satisfying a condition, such as retiring, or becoming permanently disabled.


Set out below are all SuperGuide articles explaining Condition of release.

Divorce and superannuation: Who gets what?

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Q: I am at the end of a divorce/property settlement. My ex has agreed to give me my share of his super. Does this have to go into a superannuation fund or can he transfer it to me in some other way? And can you please explain how super should be treated when a divorce happens, because it has been … [Read more...]

Accessing super early: Terminal illness

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Q: I have a terminal illness. Can I access my super benefits? A: I’m sorry to read about your illness. The superannuation rules do recognise that super benefits can be accessed early under such devastating circumstances. For your information, ‘terminal illness’ for the purposes of accessing … [Read more...]

Accessing super early: Terminally ill receive tax break

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Individuals with a terminal medical condition are able to access their super lump sum payments tax-free, regardless of age. A super fund can release super benefits to a member if they have a terminal medical condition. According to the legislation, a terminal medical condition exists if two … [Read more...]

Accessing super early: Not for business debts

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Q: I am in partnership in a franchise business. 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 would like to withdraw my superannuation to invest into the business. I only have … [Read more...]

Super for beginners, part 24: Do I have to withdraw my super when I turn 65?

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Q: I retired, sold my large house, downgraded, invested spare money and one month after I invested, I lost $50,000 just like that. I would like to know whether I can keep my super going beyond age 65, maybe to age 67 to help recoup my losses on my outside investment? A: I’m very sorry to read … [Read more...]

Unrestricted access to super, sometimes

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Q: I left Australia in 2001, but I was part of a super fund from about 1993/4. I see from your 14 legal reasons to cash your super article, that I may be able to access my restricted benefit. You write: "Cease employment and have certain pre-1999 super benefits. If you’ve been a member of a super … [Read more...]

Does changing to part-time at 60 years, count as ‘retiring’?

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Q: I am 60. I am interested in the condition of release relating to turning 60 and resigning. Is it sufficient to satisfy the ’60 and resign’ condition of release by changing my employment arrangement from full-time to part-time, with the same employer? A: Most super benefits are preserved until … [Read more...]

Accessing super early: Living overseas and over the age of 55

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Q: I’m an expat Australian, and I have been living in Europe for quite a few years. I am 57 and I want to access my superannuation to buy a property. Is that possible? I have no idea if I will retire back in Australia or stay here, but my view is that if I do retire back in Australia, I will sell … [Read more...]

Accessing super: Turning 55 is not enough

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Q: I am 52 years old, born 1962. I thought I could access my super funds from age 55 but I have been told I can’t access my funds until age 60. Is this correct? If I withdraw my super benefits, is there any tax payable? A: The general rule is that you must have reached your preservation age and … [Read more...]

I’m 67. Can I access my super and continue working?

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Q: I am going to be 67 years-old during 2015 and I am still working as a gardener. I would like to continue in employment for as long as possible. I have about $84,000 in super savings. Can I access $80,000 to put on the mortgage of our house and still continue working? Please let me know if this is … [Read more...]

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