Find out how much you can withdraw from super once you reach your preservation age. This is the first time you are able to access your super make sure you get it right!

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⏱ Timestamps
00:00 How Much Can You Withdraw at Your Preservation Age?
00:58 What is Your Preservation Age?
01:18 How Much Super Can You Access?
02:01 How Does a TTR Pension Work?
03:12 Definition of Retirement
03:39 AccountBased Pension/Lump Sum

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*How Much Can I Withdraw at My Preservation Age?*

Your superannuation preservation age signifies the first age that you become eligible to access your superannuation in one form or another.

Your preservation is based on your month and year of birth and the amount you can withdraw at your preservation age is determined by your employment status and whether or not you have met the superannuation definition of retirement.

Once you attain your preservation age, you may be eligible to access your super as a transition to retirement income stream, a lump sum, or an ordinary accountbased pension depending on your needs and circumstances.

This video explains how to calculate your preservation age, how much super you can access once you do, the definition of retirement for superannuation purposes and the tax on pension income.

#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning

DISCLAIMER: The SuperGuy website and SuperGuy YouTube channel contains general advice only. It is not personal advice as it does not take your specific needs or circumstances into consideration. Therefore, you should look at your own financial position, objectives and requirements and seek personal financial advice before making any financial decisions.

General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).

Before acting on any information, you should seek professional advice and verify our interpretation/s before relying on the content or calculators within this website or on the videos, while also considering its appropriateness in relation to your personal situation.