Quote:
Originally Posted by alpal
wow – they make it so hard.
You can’t just use your super like a bank account & make a small withdrawal every few weeks.
Allan
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Well - actually yes and no, and it depends on the type of superannuation you had, whether it was from pre-tax money or post tax money, or combinations of each. I have allocated pensions, some of which I would have to pay 15% tax on withdrawals (so I don't withdraw) and others on which I don't initially have to pay the tax, but on which I eventually have to do so on part of it because of earnings (though there is a tax-free threshold on that, though I still have to pay the Medicare levy on it).
Regards,
Renato