You won’t qualify for any pension until your super balance has decreased to the level where you begin to qualify for a part pension. At that point, you can start to withdraw less than $90K from your super and use the part pension to make up the gap. As the years go by, the amount of part pension you receive will increase as your super ba…
You won’t qualify for any pension until your super balance has decreased to the level where you begin to qualify for a part pension. At that point, you can start to withdraw less than $90K from your super and use the part pension to make up the gap. As the years go by, the amount of part pension you receive will increase as your super balance decreases. But you will always have $90K per year until you reach an age where there isn’t enough super left to make up the balance of your $90K each year. Whether that eventuates will depend on how long you live, which is the big unknown.
Do a Google search for “how much super can i have and still get the pension” and you find all the details on Asset Tests and the pension. Or sign up for Bec’s course.
You won’t qualify for any pension until your super balance has decreased to the level where you begin to qualify for a part pension. At that point, you can start to withdraw less than $90K from your super and use the part pension to make up the gap. As the years go by, the amount of part pension you receive will increase as your super balance decreases. But you will always have $90K per year until you reach an age where there isn’t enough super left to make up the balance of your $90K each year. Whether that eventuates will depend on how long you live, which is the big unknown.
Do a Google search for “how much super can i have and still get the pension” and you find all the details on Asset Tests and the pension. Or sign up for Bec’s course.