SuperGuide

Superannuation and retirement planning information

Q&A: Do I have to start a pension when I retire?

Q&A: Do I have to start a pension when I retire?

Q: I have just retired at the age of 60, mainly to access my Super returns tax free. Do I also have to start a pension, or can I delay that a few years, so I don't have to start withdrawing the minimum 4% annually?

A: I have pretty short answer for you here, Brent. Number one, if you retire after 60, you can access your super. Your money becomes unrestricted, not preserved. It allows you to access those monies. It does not compel you to. You are not at all required to access those monies.

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

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