Sep 6, 2023 | Accessing Superannuation, Blog, Centrelink, Superannuation
Early access to superannuation via the Severe Financial Hardship Superannuation provisions is a complex area of Superannuation law. It is imperative that you consult a professional superannuation adviser and the trustee of your superannuation fund prior to withdrawing...
Sep 3, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
Prior to the significant superannuation reforms ‘simpler super’ in 2007, Allocated Pensions were the most common form of retirement income streams for retirees. Account Based Pensions came into existence as a result of the ‘simpler super’...
Sep 3, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
Are you considering borrowing against your super? What does borrowing against your super mean and how does it work? If you want to borrow against your super, it means that you want to use your super as security for a loan. You are effectively saying to a bank or...
Sep 3, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Establishing whether gainful employment has ceased is very important in superannuation retirement rules and determining whether superannuation can be accessed. This determination is particularly important for the definitions of ‘retirement’ for...
Sep 2, 2023 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation
The difference between superannuation and retirement is that one is a vehicle for retirement savings and one is a term generally used to describe the act of no longer working. Superannuation can be broken into two main parts and retirement can have numerous...
Sep 2, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
If you were born in 1965, you can retire when it is affordable to do so. For most people, retirement becomes affordable when they can access their superannuation. Retirement income can also be supplemented if you become eligible for the Centrelink Age Pension....
Sep 2, 2023 | Accessing Superannuation, Blog, Death Benefits, Superannuation
What is a non-binding beneficiary in superannuation? A non-binding beneficiary is a the person that you would like to receive your superannuation balance (and any insurance benefits within super) upon your death. A person becomes a non-binding beneficiary of your...
Sep 2, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
The working after retirement rules in Australia are reasonably flexible. Ultimately, it is better for the Australian economy if more people are working. This is why the Government leaves the retirement definition quite open. In saying that, it is important to...
Sep 2, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
The retirement age for women, based upon the general concept or definition of retirement, is no different between men and women. Therefore, the retirement age for women in Australia is the same as the retirement age for men. I define retirement as the ability to cover...
Sep 2, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
The Superannuation Preservation Age in Australia gradually increases from age 55 to age 60, depending on when you were born. We are currently in the midst of this gradual increase in superannuation preservation age. The superannuation preservation age signifies the...