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Accessing superannuation benefits.
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Article archive
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Quarter 4 October - December 2016
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Quarter 4 October - December 2015
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Quarter 3 July - September 2015
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Quarter 1 January - March 2015
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Quarter 4 October - December 2014
Quarter 4 of, 2023 archive
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Record low invoice values ‘reveal inflation sting’
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A 2023 Advent Calendar for our clients
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Average refund plummets by $580, total payout down $5.4bn
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FBT – Christmas Parties and Taxi Fare/Rideshare
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Annual wage growth surges to 14-year high of 4%
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Is My Organisation Exempt From the Spam Act?
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Employee Christmas Parties and Gifts – Any FBT?
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Most Expensive Wars In History
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Australian Taxation Office (ATO) motor vehicle data matching program extended
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Directors on the hook for cyber security, ASIC warns
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Business owners are seeking exits without a plan, survey finds
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Accessing superannuation benefits.

Common conditions of release include the fund member having reached preservation age and retired, or commenced a transition-to-retirement income stream; ceasing an employment arrangement on or after the age of 60; being 65 years old even though they haven’t retired; or having died.

.

Alternatively, under special circumstances, some benefits may be available where the fund member: -

•       has terminated gainful employment;

•       is temporarily or permanently incapacitated;

•       is suffering severe financial hardship;

•       meets conditions for compassionate grounds;

•       has a terminal medical condition; or

•       is taking part in the first home super saver scheme.

The Australian Taxation office is aware of scams and improper access, and will continue targeting Self-Managed Super Funds and their trustees.

It is the trustees responsibility to take care and always be prudent.

 

 

 

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