Navigating through the restrictions and release of super
Fri Sep 21 2007
The Age --- Page: B8 : 21 September 2007 Original article by Max Newnham
LexisNexis Summary
The Australian Government recently reformed the regulation of superannuation. However, the age at which consumers can gain access to their funds has not been adjusted. While everybody over 65 years old can use the money, this is only possible for those between 55 and 60 who are no longer working, or those between 60 and 65 who take up a new job with a different business. While no upper age limit applies to transition-to-retirement pensions, they usually are only of worth to those under 65. Those operating a self-managed super fund and paying no tax on the pension must still file a tax return.
