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, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
A TTR Pension over age 60 provides a number of benefits. A Transition to Retirement (TTR) Pension is an income stream that you can start with your superannuation savings. You can use your super to start a TTR Pension once you have reached your superannaution...
Aug 30, 2023 | Blog, Contributing to Super, SMSF, Superannuation, Superannuation Tax
Accumulation phase tax relates to the tax rate levied on earnings and contributions made to a superannuation accumulation account. Accumulation phase tax is paid by the super fund itself and effectively deducted from the relevant member’s balance. The tax rate...
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...
Aug 22, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This article addresses whether you are able to access your superannuation savings at age 55 and still continue to work. It will also explain how much tax might be payable and when you can access your super tax free. You may have heard of people in your workplace or...
Aug 19, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
What is the retirement age for someone born in 1966? The retirement age for someone born in 1966 in Australia depends on whether you are referring to your superannuation retirement age, or when you can collect social security. This article explores superannuation and...
Aug 12, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
If you are an Australian born in the 1960s, and wondering when you can retire, then you have come to the right place. Everything here is groovy my little flower child. Your afro is long-gone and you’ve replaced your bell-bottoms with cargos and crocs; but now...
Aug 1, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Withdrawing your super to start a business is a great way to access capital for your venture. Firstly, you need to determine your eligibility to access your superannuation. Secondly, you need to understand the risks of withdrawing your super to start a business....
Mar 10, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
There are a number of differences between account based pension vs transition to retirement pensions. Account based pensions and transition to retirement pensions share the same base rules, but have some notable differences. Overall, an account based pension provides...
Feb 17, 2023 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, SMSF, Superannuation
When can you retire if you were born in 1968? Retirement is based on your ability to cover living expenses without needing to earn a work-related income. You may choose to continue working after reaching retirement, but it is good to know your full retirement age. If...