Archive for the When can I get my Super released and how much? Category

As part of the raft of changes effective from 1.7.07 the trustee is required to classify the components into tax free and taxable amounts for each <Separate Superannuation Interest>. Furthermore in withdrawing the benefit from a superannuation fund the benefit will be comprised of a tax free

Where there is an Accumulation Interest and a pension interest then the pension exemption on earnings to fund the pension will not apply to the accumulation interest, a calculation is therefore required to determine the tax exempt income amount and the amount that is subject to the

A Superannuation Interest generally means all of the funds in a SMSF relating to a member is a superannuation interest, regardless of the components, such as <taxable> & <tax free> components, etc. This is different to a public offer fund (eg industry fund) that can have separate

You can access your super when you reach your preservation age and retire, or you turn 65 (even if you haven’t retired).The preservation age will increase from 55 to 60 between 2015 and 2025. You may also be able to access your super under the transition to

There are basically 3 components of your super in terms of your ability to access your super (otherwise known as the preservation rules): Preserved Benefits Restricted Non Preserved Benefits Unrestricted Non Preserved Benefits Preserved benefits   Preserved Benefits (PB’s) – are benefits that you cannot withdraw (preserved)