Super: What are your options when you retire?
Even though its compulsory to invest money in superannuation, many people do not understand their options once they retire.This blog provides a summary. However, of course, everyone’s situation is different. Some super funds have different rules and there may be exceptions to some rules, so it’s important you receive personalised advice from an independent financial advisor.When can you access your super?The rules that govern when you can access super are contained in the SIS Act and they are called the ‘conditions of release’. There are three ways you can access your super benefit:1. You…
The skinny
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