Australian Taxation Office (ATO) warns about misinformation on super changes circulating online
The ATO has recently issued a warning about misleading information regarding supposed changes to superannuation preservation and withdrawal rules.
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No such changes have been proposed by the Australian Government or Treasury, and none are in legislation.
Your super access rights
It’s important to understand when you can legally access your super, which is:
- when you reach preservation age and retire;
- when you turn 65, regardless of whether you’re still working; and
- if you’re between 60 and 65 and haven’t retired, you can start a transition to retirement income stream (TRIS), which allows you to receive a regular income from your superannuation.
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