QUESTION:
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I am 74 and have $55,000 remaining in super, but would like to stop paying any costs associated with the fund, apart from basic management fees. I would then put any savings towards our increasing health insurance premiums. I would appreciate your advice on whether I can do this, and if you agree it is advisable.
ANSWER:
Having reached the age of 65, you can access your super without restriction, and without tax. Unless it is producing a Centrelink benefit under the incomes test, I can see no reason why you should not withdraw it. Just take advice before you do.