Converting Super from an Accumulative to Pension Fund

I am over 60 years of age and still working full time. Can I convert my Super fund from Accumulative Fund to Pension Fund ?

 

A: If you are aged between 60 and 65 and not retired, you can only access your super if one of the following two conditions of release is met:

  1. You start a transition to retirement (TTR) pension (note: earnings on the assets supporting a TTR are now taxed at 15%); or
  2. You cease an employment arrangement.

Ceasing an employment arrangement means leaving a position of employment.

Obviously, an additional option is to permanently retire.

Does this make sense?

 

Regards


Read Answer