How does a Pre-Retirement Pension work?
If you are still working and have reached your super preservation age (currently 55), you have the option to access your superannuation in the form of a Pre-Retirement Pension.
While you're still working, your own, and your employer's super contributions will continue to be paid into your Superannuation account.
For example, a person may finish working full time but continue part time work, and use some of their super pension to supplement their reduced income.
How to apply for a Pre-Retirement Pension
Full details and all the forms you'll need to apply are contained in the Product Disclosure Statement (PDS), which you should consider before making any decision.
Consider consulting a financial planner before you invest. MyLife MyPension has a team of professional financial planners who can assist you. Our financial planners are salary based and do not receive any commissions or bonuses based on recommendations they make.
Please call us on 1300 963 720 to make an appointment or learn more on MyLife MyAdvice.