Preservation is a restriction that prevents a member from accessing superannuation benefits until retirement or until satisfying a condition of release.
The following articles refer to Preservation and superannuation.
Q: I have a rental property unit I owe approximately $190,000 to the bank and I would like to know if I can invest my $60,000 super into the unit to reduce my payments to the bank?
Superannuation is subject to special access rules called preservation. What this means is that you [...]
Q: I was an Australian citizen, age 37, and had been part of a super fund from about 1993/4. I left Australia in 2001. I see from your 12 legal reasons to cash your super that I may be able to access my restricted benefit. You write: “Cease employment. If you’ve [...]
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 am looking at a substantial tax payment and I am wondering if I can cash [...]
Many Australians are facing hard times but mortgage repayments and everyday living expenses continue even when you lose your job, or suffer illness or other misfortune. On 2 March 2009, I was chatting with Tim Webster on Sydney’s 2UE and we received several calls from listeners asking when, and how, you can access your super benefits. In brief, there are 12 ways to unlock your super early.
In the hype and hoopla surrounding the latest super changes – primarily tax-free super benefits for over-60s, many of the promoters in the marketplace forget to mention the magic words “preservation rules”.
The rules surrounding accessing your super have not changed. You cannot access your preserved super benefits unless you satisfy [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more
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