Australia Law
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Answered in 50 minutes by:
7/4/2011
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,729
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
VerifiedGood Afternoon
You are not taxed on the first $160,000.00
If you take more than the $160,000.00 that will be taxed at the rate of $16.5%.
Here is some information for you.
http://www.superguide.com.au/retirement-planning/turning-55-taking-super-tax-and-timing
After you have received the money if you need to go back to work you can. You will not have a problem returning to work.
But unless you retire you cannot access the money.
I hope this is of assistance and if so please click on the accept button
Leon, Solicitor
Category: Australia Law
Satisfied Customers: 52,729
Experience: BEc Dip Ed, Dip Law (SAB) MTax (UNSW)
VerifiedLeon and 87 other Australia Law Specialists are ready to help you
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