In this guide
The 1 July 2022 changes to the superannuation contribution rules will allow those aged over 67 to contribute to their superannuation funds without the need to meet a work test.
Many super fund members who may potentially benefit from these changes will already be accessing their retirement savings by way of a pension from their super funds.
While this presents new opportunities to top up your super pension even as you make withdrawals, consideration will need to be given to how these new contributions are handled.
Should these contributions be used to commence a new pension from their super fund?
Or do these members stop their existing pensions then recommence a new, larger pension that includes these new contributions?
Before deciding which approach is taken, certain issues need to be considered.
Read more about the 1 July 2022 superannuation changes and what this means for you.
