Retirement is a big term that covers retirement planning, taking a pension, working in retirement, how much money is enough and more. The term ‘retirement’ also has a special meaning for when you can access your superannuation benefits.

Set out below are all SuperGuide articles explaining Retirement.

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

Q: I am 60. I am interested in the condition of release relating to turning 60 and resigning. Is it sufficient to satisfy the ’turning 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 … [Read more...]

Transition-to-retirement pension: Can I work full-time and what form do I fill in?

SUPER ALERT! On 3 May 2016 (in the 2016 Federal Budget), the Coalition government announced that, from 1 July 2017, it intends to remove the tax exemption on pension fund earnings financing a transition-to-retirement pension (TRIP). This change, confirmed after the Coalition won the July 2016 … [Read more...]

I’m 60. Why can’t I access my super benefits?

Q: My husband just turned 60 years of age, and he has $80,000 in his super fund. We would like to withdraw his entire super as we need the funds to purchase a house. He is currently employed full-time and will be working for many years yet. We have sent the super fund all the documents to receive … [Read more...]

Remember! Retirement unlocks your super cash

In the hype and hoopla surrounding the rules relating to super – in particular, tax-free super benefits for over-60s, many of the websites in the super space forget to mention the magic words ‘preservation rules’.The rules surrounding when and how you can access your super have not changed for … [Read more...]

Accessing super: Turning 55 or 56 (or 57) is not enough

Q: I am 50 years old, born September 1964. 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? And, when I withdraw my super benefits, is there any tax payable?A: The general rule is that you must have reached your … [Read more...]

Retirement: 3 ways of taking super benefits before the age of 60

When you retire early, you’re going to have to make a few decisions. The tax implications of your retiring before the age of 60 can depend on whether you take your super as a lump sum and/or pension.Are you taking your super as a lump sum, a super pension (also known as a super income stream) or … [Read more...]

Over 60: Want to save some cash? Get a state Seniors Card

Note: This article explains the benefits of state Seniors Cards, and how to apply for a card in your state. If you’re seeking information on the Commonwealth Seniors Health Card (CSHC), then check out SuperGuide article Are you eligible for a Commonwealth Seniors Health Card?Everyone loves a … [Read more...]

Accessing super early: 14 legal ways to withdraw your super benefits

Many Australians are facing hard times, especially with structural change transforming our economy. The harsh reality is that mortgage repayments and everyday living expenses continue even when you suffer redundancy, illness or other forms of misfortune.We receive hundreds of emails from our 2 … [Read more...]

Super for Beginners (25 Q&As)

One of SuperGuide’s more popular initiatives has been the development of a ‘Super for Beginners’ section that answers some of the many questions that we receive from those readers who are new to superannuation and new to super’s terminology.The series currently consists of several lead articles, … [Read more...]

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

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 investments?A: I’m very sorry to read … [Read more...]

What is the retirement age in Australia?

In Australia, there is no official retirement age but there are special rules that apply to the age when you can withdraw your superannuation benefits (preservation age), and to the age when you can claim the Age Pension (Age Pension age).You can discover your preservation age (for accessing … [Read more...]

Super for beginners, part 16: Tax-free twice when you retire

Q: I am confused. When I retire and I am over 60 I receive tax-free super benefits. Someone has told me that I also get other tax-free stuff. Can you tell me what that is?In terms of retirement and superannuation, when you reach 60 and start a retirement income stream (super pension) you get two … [Read more...]