Ato Preservation Age Table. Once you reach age 65 however you can access your superannuation even if you havent retired. In general if a member of an untaxed scheme or CPF is over age 60 and withdraws a lump sum they pay 15 tax on the untaxed component of their super benefit up to the untaxed plan cap 1615 million in 202122.
Once you reach age 65 however you can access your superannuation even if you havent retired. 1 July 1961 30 June 1962 57. Youll need a letter from Services Australia confirming receipt of income support and theres no limit on the amount.
1 July 1963 to 30 June 1964.
If you have reached your preservation age plus 39 weeks you must have received Commonwealth income support for a cumulative period of 39 weeks since reaching preservation age and not be gainfully employed on a full or part-time basis at the time of application. 1 July 2016 to 30 June 2017. Age Pension has been increasing slowly over the past few years. The Australian Government has legislated to simplify business reporting obligations via a concept known as single touch payroll STP.
