Retirement

Google for 5 minutes articles on retirement planning and then give us a call. Allocated Pensions. Once you convert your super account to a pension account, the tax rate on your investment earnings reduces from 15.00% to zero in most cases.

Accessing your Superannuation

You can only access our superannuation as long as you meet a “condition of release”. These include:

  • reaching preservation age (see below) and retiring
  • transition to retirement
  • reaching age 65
  • death
  • terminal illness
  • permanent incapacity
  • severe financial hardship
  • compassionate grounds
  • non-residents permanently departing Australia

Your preservation age is determined by when you were born;

  • before 1 July 1960 = age 55 
  • between 1 July 1960 to 30 June 1961 = age 56
  • between 1 July 1961 to 30 June 1962 = age 57
  • between 1 July 1962 to 30 June 1963 = age 58
  • between 1 July 1963 to 30 June 1964 = age 59
  • after 30 June 1964 = age 60

 Transition to Retirement Pension TTR

Access your super while still working.We will discuss your personal situation to see what the benefits are for accessing your super early.

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