Accessing super: Reaching preservation age and retiring
If you are itching to retire but not sure if you can start drawing on your super, you need to understand which hoops you need to jump through and when.
When can I access my super? All conditions of release explained
While super is designed to provide income in retirement, there are circumstances when you may be eligible to withdraw some or all of your savings.
Retirement age calculator: When can you access your super or the Age Pension?
You may be able to retire whenever you choose in Australia, but age matters if you want to tap into your super or apply for the Age Pension.
Early release of super due to COVID-19 (coronavirus)
On 22 March 2020 the federal government announced a temporary measure allowing individuals to access up to $10,000 of their superannuation in 2019/20 and a further $10,000 in 2020/21.
Your tax guide to accessing your super over age 60
When you reach age 60, the rules change on how much tax you are required to pay when you withdraw your super savings.
What age can I access my super (Preservation Age)?
There are a series of hurdles you need to clear before you can access your super. The first is your age.
Accessing super: Ceasing employment after 60
Retire at 60, grab your tax-free super and ride off into the distance. Sounds like a plan, but as with everything to do with super, the devil is in the detail.
Accessing super: Reaching age 65
You can access your super in Australia when you turn 65. It is the most straightforward condition of release. To apply for your super benefits you should contact your super fund.
Can my SMSF loan money to me or my business?
There are a number of ways of legally accessing super early via an SMSF. These strategies are useful in times of economic disruption such as the current disruption relating to the coronavirus pandemic.
How super could soften the financial blow of Coronavirus
With Australia now facing a severe economic (and health) crisis, there are calls to allow people to access their superannuation to obtain cash.
