Retirement

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.

Accessing super early: 14 legal reasons to cash your super

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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 when suffer redundancy, illness or other forms of misfortune. We receive hundreds of emails from … [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...]

Accessing super early on ‘compassionate grounds’

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If you are having financial trouble, or you are suffering chronic illness, or you require significant medical attention, you may be able to access your super benefits early. If you require medical treatment, or medical transport for medical treatment, then you may be able to apply for early … [Read more...]

If I retire before 60, when can I access my super?

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Q: I am 56, nearly 57. If I decided to retire before 60 when can I access my super? If you have reached your preservation age AND retire, then you can access your super benefits. Australians can have a preservation age ranging from 55 years to 60 years, depending on date of birth. I assume … [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...]