AMP has shared with us this video that looks at how and when you can access your super.
If you haven’t given it much thought you can generally access your super once you’ve reached preservation age, which is between 55 and 60, depending on when you were born. While that mightn’t be for a while, it could be worth thinking how you’ll go about it when you do. In this short video, AMP employee Natalie discusses the different ways you can access super—as a lump sum, account-based pension or an annuity product. There could be tax advantages and disadvantages depending on what which option you choose, so it’s important to consider your own personal circumstances before making any decisions. Whatever you decide, taking an active interest in your retirement strategies today will help you plan the retirement lifestyle you want for tomorrow.