SUPPERANNUATION

Exiting Your Super

For many of us, retirement is when dreams become reality. Released from the commitment
of full-time employment, we are able to choose from a range of lifestyle options.

Despite having all of this to look forward to, preparing for retirement can be one of the most stressful and uncertain times of your life.

Early Release from Superannuation

Set out in superannuation rules are set methods of gaining access to the money inside your superannuation account, such as retirement at 55 years old, 65 years old, and death.

There are however three methods for gaining early access to superannuation.

Severe Financial Hardship

This is for people who have come on to hard time and need assistance, there are a number of conditions required and is subject to approval by the superannuation fund trustee.

Compassionate Grounds

This is for a very specific and important reason, such as medical costs, loss of family home, and palliative care. Applications are made through the governments Human Services Department.

Temporary Resident Leaves the Country

The half measure is only available for those temporary residents that leave the country. A classic example is back packers when they leave the country there is the possibility that their superannuation can be withdrawn.

Please note: this is very limited method. It does not apply to Australian residents leaving to go on holiday or to become expats living overseas.

A 2 Z Finance Solutions Pty Ltd

ABN 56 613 830 167 | Credit Licence No. 491323

Jonathan Fulton

MFAA Credit Advisor No. 8999
Authorised Representative # 330 229 of
Jason Dawson Financial Planning Pty Ltd
Corporate Authorised Representative (Auth Rep No. 328354) of
AD Advisory Services Pty Ltd AFSL No. 237058

General Advice Warning
The information provided on this website has been provided as general advice only. We have not considered your financial circumstances, needs or objectives and you should seek the assistance of Jonathan Fulton your A 2 Z Finance Solutions Pty Ltd (A2Z) Adviser before you make any decision regarding any products mentioned in this communication. Whilst all care has been taken in the preparation of this material, no warranty is given in respect of the information provided and accordingly neither Jonathan Fulton / A 2 Z Finance Solutions Pty Ltd (A2Z) nor its related entities, employees or agents shall be liable on any ground whatsoever with respect to decisions or actions taken as a result of you acting upon such information.