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August 2025 Retirement planner newsletter

My retirement diary (Part 5): The psychology of retirement
With so much focus on having enough savings to retire, it’s easy to forget what it’s all for – living! Read more.
My retirement diary (Part 5): The psychology of retirement
With so much focus on having enough savings to retire, it’s easy to forget what it’s all for – living! Read more.
Designing a fulfilling retirement: Insights from coach Dr Jon Glass
What does it take to retire well – beyond just having enough money? Retirement coach Dr Jon Glass shares powerful insights on purpose, identity, structure and self-awareness, and why designing… Read more.
Designing a fulfilling retirement: Insights from coach Dr Jon Glass
What does it take to retire well – beyond just having enough money? Retirement coach Dr Jon Glass shares powerful insights on purpose, identity, structure and self-awareness, and why designing… Read more.
8 warning signs of a dodgy financial adviser
Bad financial advisers are thankfully the exception rather than the rule, but they do exist so it pays to be aware of some common red flags. Read more.
8 warning signs of a dodgy financial adviser
Bad financial advisers are thankfully the exception rather than the rule, but they do exist so it pays to be aware of some common red flags. Read more.
Who to turn to if you have a problem with your financial adviser
The financial advice sector has done a lot in recent years to improve the overall quality of advice, but when things go wrong there is a structured complaints process. Read more.
Who to turn to if you have a problem with your financial adviser
The financial advice sector has done a lot in recent years to improve the overall quality of advice, but when things go wrong there is a structured complaints process. Read more.
3 steps to making a complaint about your super fund
When you have an issue with your super fund or its insurer, it’s important to know who to turn to and how to go about it. Read more.
3 steps to making a complaint about your super fund
When you have an issue with your super fund or its insurer, it’s important to know who to turn to and how to go about it. Read more.

Super contributions workshop

Thursday 21 August 2025 at 11:00 am AEST

How does the 3 year bring forward rule actually work? What are the tax benefits around the unused concessional contribution rules? When is the best time to make large contributions to super?

This webinar will take you through all of the issues relevant when making contributions to your superannuation fund and answer all of your contributions questions.

Q: When in retirement pension phase (that is 67) do I have to compulsory withdraw from super if I am still working? I am planning to work till 70 then retire and use the accumulated super. My super is currently at 150k mark and I am currently 60 yrs old.

A: Superannuation has two phases, the accumulation phase and the retirement phase. An accumulation phase account can accept contributions and investment earnings are taxed at the rate of 15%. No withdrawals are required from an accumulation account, no matter the age or work status of its owner. Your super starts in accumulation phase and remains there unless and until you choose to open a retire ment phase account.

A retirement phase account cannot accept contributions, must pay a regular pension/income stream, and investment earnings are tax-free. A retirement phase account can be opened once you have met a retirement condition of release such as leaving a job after age 60 or turning 65.

It is not compulsory to make withdrawals from super unless you convert your super into the retirement phase by actively starting an income stream/pension account.

You can leave money in the accumulation phase indefinitely, and make no withdrawals, if you wish.

However, many people choose to open a retirement phase account as soon as possible to take advantage of tax-free investment returns. While withdrawals are required, it is often possible to use any withdrawn amount that is not required for spending to re-contribute to a superannuation accumulation account while you are aged less than 75.

Any person who is still working needs to maintain at least a small balance in an accumulation phase account for their employer’s contributions, and their own personal contributions if applicable, to be added to. A separate retirement phase account can be opened if desired when a retirment condition of release is met.

You can learn more with our article and video on converting super to retirement income.

You may also wish to consider a transition to retirement pension. Our article and webinar are informative.

Looking to reduce your tax bill and put your savings to work for retirement? Find out how a tax deductible super contribution can help.

Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.

Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.