Once you have met a condition of release, you can withdraw your superannuation as a lump sum or commence a superannuation pension.
The tax implications can vary dramatically, so planning your retirement income strategy effectively is critical. Following on from this, did you know that depending on your date of birth, you may be able to access superannuation early (between the ages of 55 to 60)?
Ask John Alam & Partners about effective Transition to Retirement strategies that can be used to reduce working hours leading up to retirement, or boost super savings in a tax effective way.
Starting your retirement plan early is key to ensuring you have enough to live the lifestyle you want during retirement.
Our advisers can help you to obtain the best retirement strategy for your situation.