Feb 6, 2023 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
You can access your superannuation at 55 if you have reached your superannuation preservation age. You will have limited access to your savings if you are still working, but may have full access to your super in the form of an income stream or lump sum if you have...
Jul 28, 2022 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation
Were you born in 1967 and wondering when you can retire? This article focuses on the retirement age for someone born in 1967. There are two types of retirement ages for you to consider. There is the superannuation retirement age and then there is the social security...
Sep 8, 2020 | Accessing Superannuation, Blog, Featured, Retirement Income Streams, Superannuation, Superannuation Tax
What is the taxable component in superannuation? There are two main tax components that make up a superannuation balance. These components are the Taxable Component and the Tax-Free Component (sometimes referred to as the Exempt Component). The Taxable Component is...
May 1, 2020 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article walks you through a transition to retirement example and the transition to retirement rules. A transition to retirement pension income stream is an income stream commenced using your some or all of your superannuation savings while you are still working,...
Aug 6, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
An individual’s superannuation balance can either be held in Accumulation Phase, Pension Phase, or a combination of the two. Understanding the difference between Accumulation Phase and Pension Phase within superannuation (including SMSFs) is important, as the...
Jun 19, 2019 | Accessing Superannuation, Blog, Contributing to Super, Retirement Income Streams, Superannuation, Superannuation Tax
There are a number of ways to avoid tax in Australia. Some of them legal, some not-so. Most legal ways of avoiding tax involve you spending money and claiming a tax deduction for spending that money. However, I’m going to show you two ways to avoid tax without...
Jun 1, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, Superannuation, Superannuation Tax
Accessing superannuation requires you to meet a superannuation condition of release. Generally, this first opportunity that you have to meet a condition of release is by reaching your superannuation preservation age. The superannuation preservation age for people born...
May 27, 2019 | Accessing Superannuation, Blog, Retirement Income Streams, SMSF, Superannuation
This article discusses how to rollback a pension to accumulation within superannuation. Within superannuation you can have an accumulation account and/or a pension account. In fact, you may have separate accumulation accounts with different superannuation providers....
Jan 22, 2019 | Accessing Superannuation, Blog, Centrelink, Retirement Income Streams, Superannuation
What does it mean to commute a pension? A pension commutation is a lump sum withdrawal from the theoretical capital supporting the pension. The theoretical capital is not exactly calculated as the pension balance itself. Basically, if a lump sum withdrawal is made...
Jan 9, 2019 | Blog, Contributing to Super, Retirement Income Streams, SMSF, Superannuation, Superannuation Tax
This is an example of what superannuation is and the superannuation rules. To provide you with an example of superannuation, it is important to first understand why superannuation exists. First and foremost, superannuation is a place that you invest your savings. The...