Sep 10, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
Wondering what happens to your super when you stop working? Superannuation is a vehicle designed to help you save towards retirement and cover expenses when you decide to stop working. You might associate superannuation with the place that your employer makes...
Sep 10, 2023 | Accessing Superannuation, Blog, Centrelink, Superannuation
The average retirement age in Australia in 2023 is difficult to determine. The reason it is difficult to determine is because the definition of retirement has evolved over the past decade or so. How do you define the term retirement? There is actually a definition of...
Sep 10, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
Can I withdraw my super at 65 and keep working? This is a common question. Firstly, in order to access your superannuation, you need to meet a superannuation ‘Condition of Release’. There are a number of different ‘Conditions of Release’. The...
Sep 9, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Are you over age 60 and want to know if you can use some of your superannuation? This article discusses how you can use some of your superannuation over age 60, including the forms in which you can access it and any tax that may be payable. There are four main ways...
Sep 8, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
There are a few disadvantages associated with Transition to Retirement income streams that one should be aware of prior to implementing such a strategy. A superannuation Transition to Retirement (TTR) income stream pension is commenced using some or all of your...
Sep 8, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
There are three ways to gain access to superannuation after age 60. One such way will only provide limited access. The other two ways will provide full access. In every case, an individual is required to meet a superannuation condition of release in order to access...
Sep 7, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This minimum pension calculator allows you to calculate the minimum pension income to be drawn from your superannuation pension. The calculation applies to both Account Based Pensions and Non-Commutable Account Based Pensions. Account Based Pensions are often also...
Sep 7, 2023 | Blog, Centrelink, Death Benefits, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
A pension refresh strategy involves commuting an existing pension and commencing a new pension to include contributions accumulated since the original pension was initially established. Starting a superannuation pension does not prohibit a person from continuing to...
Sep 7, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
A transition to retirement allocated pension is a type of superannuation income stream. Some or all of a member’s superannuation accumulation balance can be used to start a transition to retirement allocated pension. A transition to retirement pension is...
Sep 6, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
The transition to retirement rules relate to transition to retirement income streams (TRIS), commonly referred to as Transition to Retirement (TTR) Pensions. Traditionally, people would work up until a certain age, then retire and begin drawing an income stream from...