For most people, access to super starts at or close to retirement, but in extreme circumstances, like financial hardship and serious illness, you may be able to access your super sooner if you meet certain requirements. This video looks at the different options that you have to draw down your super and when earlier access may apply.
Withdrawing money from super is an important decision. There may be tax consequences and once you get money out, you may not be able to get it back in. There are many benefits to retaining money in superannuation, rather than withdrawing it.
If you are approaching retirement, there may be things that you can do now to prepare for the withdrawal of your super. Don’t leave it too late, talk to us and we’ll show you how.