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10 Superannuation

Withdrawing from Super

Benefit Payment Standards

The major benefit payment standards that are used by members to voluntarily access some or all of their superannuation savings include:

  • Attaining age 65;
  • Termination of an employment arrangement after reaching age 60;
  • Permanent retirement after reaching preservation age;
  • Reaching preservation age (where not yet permanently retired, benefits will be available through a restricted income stream, commonly referred to as a ‘non-commutable’ or ‘transition to retirement’ pension);
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