Q: A generic question, once the super account is a pension account, can a lump sum be withdrawn, say, after one year of receiving a pension from it?
A: The simple answer to this question is you certainly can access a lump sum from your super fund so long as you are eligible to access a lump sum. So again, that would mean you’re probably fully retired, or you’re over age 65, or you’re essentially eligible to have unrestricted access to your super.
Join SuperGuide to continue
Yes, you can plan your retirement without a financial adviser
Join thousands of Australians making their retirement goals a reality
- Step-by-step guides help you plan and take action
- Simple changes can make a big difference to your super balance
- Calculators, case studies and Q&As give you greater confidence
- Make sure your super is performing and lasts longer
Leave a Reply
You must be logged in to post a comment.