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When you can access your super When you reach your preservation age and retire, you can access your super to fund your retirement. You can also access your super: when you turn 65 years old under the transition to retirement rules (if you are eligible), while you continue to work. You don't have to cash out your super just because you've reached a certain age. However, you need to check if the ...

Super rules if you’re in your 60s Once you turn 60, the rules of the super system change. The key differences are that withdrawing money from your super is now free of tax if your savings are in a taxed super fund (the most common type), and you have reached your preservation age which makes accessing your super possible.

Keen to access your super savings at 60 and continue to work? It may be possible but there are some things you should be aware of.

There is also favourable tax treatment of withdrawals from superannuation for people aged 60 or over, compared to individuals accessing their superannuation under age 60. Can I Access My Super at 60 and Still Work?

In Australia, you can generally access your superannuation funds when you reach your preservation age, which is between 55 and 60 years old, depending on your date of birth.

Withdrawing and using your super When and how you can access your super and whether you need to pay tax on withdrawals.

Find out when you can access your superannuation and under what circumstances you can get your super early.

Information on accessing your super and what to expect when you retire.

Accessing superannuation explained — when you can access your super, early release options, and the rules for retirement.

Read more: Superannuation Advice Can I Access My Super at 60 and Still Work? As mentioned above, if you are age 60, you can access your super via a TTR pension and still work either full-time, part-time or casually. Alternatively, if you have attained age 60 and are retired, you can access your super in full and still work less than 10 hours per week. Or, if you had an employment arrangement ...

When you can access your super for retirement You can access your super when you reach 60 years of age and retire. The meaning of ‘retire’ depends on your age and how and when you finished work: If you’re 60-64: You stopped working permanently, or You stopped working for any employer after you turned 60 If you’re 65 or older: you can access all your super, even if you’re still working.

For a person between 60 and 64, retirement means you simply need to cease your employment. The intention to return to the workforce is irrelevant. This means that you can essentially return to work soon after ceasing your employment, but you will still deemed to be retired and able to access your Super Benefit as required. The definition of retirement in this case is less stringent than for ...

Other conditions are required to be met for superannuation benefits to become fully accessible. This article will discuss the three options available to individuals over age 60 in accessing their superannuation retirement savings, including access to super lump sum payments and withdrawals over 60, as well as income stream options.

You can access your super at 60, either through a pension or through a regular super income stream. When you set up through the regular income stream you’ll be asked if you’ve fully retired.

You can access your super when you reach your ‘Preservation age’ and retire. Your preservation age depends on when you were born and ranges from 55 to 60 years.

Keywords: Preservation Age, Age Pension Age, Superannuation, Retirement, Accessing Super Planning for retirement is crucial, and understanding when you can access your superannuation is an essential part of the process.

What is the preservation age? The preservation age is 60 years old. It’s the earliest age you’re allowed to access your superannuation. While you usually can't access it before you retire, you can get early access to your super in specific circumstances. Age 65 Once you hit 65 there are no rules around accessing your super.

It could be argued that age 65 is the official superannuation retirement age, because this is when you can have unrestricted access to your super, regardless of your employment status. Whether you are working casual, part-time, full-time, or not at all, simply attaining age 65 is considered a condition of release for superannuation purposes.

While some of us have no intention of fully retiring any time soon – if ever – there will come a time when you’re able to access your superannuation savings. And since you can do that in a number of ways, it’s worth knowing your options so you’re prepared when the time comes.