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 3, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
A Non Commutable Allocated Pension (NCAP) is an income stream that is commenced using your superannuation savings. It is Non-Commutable because only pension payments are able to be received from this type of income stream. You are unable to make lump sum withdrawals...
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 | Blog, SMSF, Superannuation, Superannuation Tax
Pooled vs segregated assets refer to the investment strategy of a self managed superannuation fund (SMSF). A self managed superannuation fund is a specific type of super fund that has fewer than five members. Generally, all members of a SMSF are trustees of the SMSF,...
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...
Sep 1, 2023 | Accessing Superannuation, Blog, Superannuation
The definition of retirement for superannuation is arguably the most important definition of any superannuation term. After all, the main reason for having superannuation is to receive tax concessions on investment earnings, provided we don’t access our super...
Aug 30, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
There are two ways that you can access your superannuation at age 60 and still work. One such way involves limited access to your superannuation and the other provides full access to your superannuation. You can, in fact, access your superannuation as soon as you...