Early Access to Super
The Government has announced changes that will allow people to gain access to their superannuation benefits while they are still working from the age of 55*, providing they take it in the form of a non-commutable income stream, such as a pension or annuity.
The changes to the legislation will also allow the person to stop receiving the pension or annuity at any time (for example, if a person who is working part-time decides to return to full time work).
* Note: The "Preservation Age" is currently 55 years but increases on a gradual basis to 60 years for people born between 1 July 1960 and 30 June 1964.