Can I withdraw money from my super tax-free, even though my wife
and I are still working?
Q.
My age is 55. I don't intend to retire at 60, however can I
withdraw money from my super tax-free, even though my wife and I
are still working?
A.
You cannot withdraw superannuation at age 55 unless you sign a
statement that you are retiring. However, you can access a fair
portion of it by using a transition to retirement pension. These
are similar to a normal allocated pension except that you can't
make lump sum repayments.
Each week financial advisor Noel Whittaker answers your
questions.
