Can I use my super for a house deposit?
I am 56 and wish to purchase a property as my residence (as opposed to investment). Is it possible for me to access a portion of my super for this purpose?
Pensions: Starting a TRIP takes planning
It seems that many Australians nearing retirement don’t like the terms ‘retirement’ or ‘pension’. Some advisers who are recommending transition-to-retirement pensions (TRIPs) are experiencing client resistance because clients are adamant that they’re not retiring (at least not for a few more years), and they don’t want to be embarking on any strategies involving ‘retirement’.
Accessing my husband’s superannuation (age 62)
Q: I am 71 years old. I do not get the age pension because my husband is 62 years old and still working and receives a salary of $70,000 gross per year. Is it possible for him to take out part of his superannuation and still continue to work and pay out the balance of our Mortgage of $100,000?
What are the super and retirement rules for over-65s?
Q: My wife and I have a small business. I was told by an organisation that at 65 I could put money into super, pay 15% tax on the way in and then draw it out when I wished and pay no tax.
Accessing super early: 12 legal reasons to cash your super
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.
SMSF pensions: How do I start one?
Q: How do you change your self-managed super fund (SMSF) from accumulation phase to pension phase (husband aged 60 not working) and transition to pension phase (myself aged 57 and still working part time)? If an accountant has to do [...]
Super concessional contributions: 2011/2012 survival guide
Superannuation contributions can be divided into two types — concessional (before-tax) and non-concessional (after-tax). Each type of super contribution is subject to a contributions cap.
TRIPs: 10 interesting facts about transition-to-retirement pensions
I often describe transition-to-retirement pensions (TRIPs) as the super saver’s version of ‘having your cake and eating it’.
Super contributions: Over-50s concessional cap (10 Q&As)
In this article, you can find the answers to 10 of the most popular questions received by readers on the concessional cap for over-50s.
Pensions: Is there an upper limit to how much we can withdraw?
Q: I am aware that the minimum amount of pension withdrawal is normally 4% (for under 65s) of the pension account balance (currently 3% for 2011/12).
SMSF pension: I’m retired. If I return to work what happens to my pension?
Q: My husband turned 55 in January. We have a SMSF and he is going to commence pension phase. He is essentially retired and only worked 4 hours this financial year.
