SMSF – Retirement And Conditions Of Release

To access your superannuation, you must have met a condition of release under super laws. Retirement is a common condition, but there are specific rules depending on age and work status. Those under 65 and who have reached their preservation age can receive a limited income stream even if still working. If you believe you meet a condition of release, contact the ATO for assistance. Make sure any super payments made are allowed under your fund’s trust deed to avoid penalties. Seek professional advice for taxation considerations before paying a benefit.