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Super & Pensions - Related Q&A's

This page contains a collection of Q&A's that you may find relevant to this section of the website.
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I am turning 65 soon and was wondering if I can continue making super contributions?

If you are 65 or over and wish to continue contributing to super you will need to satisfy the “work test”. This means that you work for at least 40 hours in a 30 day continuous period sometime during the financial year.

I have a Transition to Retirement pension. Is it true that the pension income becomes tax exempt when I reach age 60?

For pensions paid from “funded” super funds the pension is tax exempt for those 60 years and over.

I am really disappointed in the performance of my work super fund and the lack of investment choices. My employer can contribute to a fund of my choice. Should I set up a self managed fund?

The type of fund you choose will depend on a number of issues and you should obtain advice. Self managed funds do offer a high degree of transparency and you can get more involved in the investment process.