Retirement is a big step, and the rules keep changing. There are new transition to retirement rules that allow you to access your super while you continue working, either full or part-time, once you’ve reached preservation age. This new flexibility gives you more options to generate an income from your super using a non-commutable income streams.
A Non-commutable Allocated Pension
A Non-commutable Allocated Pension gives you a regular series of payments without you having to retire from the workforce, when you have reached preservation age. Key features include:
Lump sum withdrawals are permitted when you permanently retire or reach 65. This product is not complying for Reasonable Benefit Limit (RBL) purposes and is 100% assessable under the Centrelink Assets Test.
Don't hesitate to call Member Services Team on (03) 9911 3222 (regional 1300 300 820 ) if you need more information.
