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Super Withdrawal Form SuperFacts Com

Super Withdrawal Form SuperFacts Com

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Hi I’m Gavin Martin, and today I’m going to answer a question about withdrawing a lump sum from your superannuation balance, under the age of 60, before I do it is important to acknowledge that this information does not constitute financial product advice as it does not take into account your personal circumstances. Therefore you should not make any financial decision based on this information. You should consider obtaining independent advice before making any financial decisions. So the question I’m addressing today is, I am 58 years of age this year, I will cease full time work mid year and would like to access my superannuation balance of approximately $200k in order to pay off the mortgage on an investment property. What percentage could I withdraw as a lump sum? Firstly you need to understand if you have reached your preservation age. If you are born before 1st July 1960 you have a preservation age of 55 years of age, so someone currently in 2012 who is 58 they were born bef

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