Retirement is an opportunity to focus on doing the things you love. You've been working hard and saving your super for precisely this time of your life — so, here's how to make the most of it.
Transition to retirement
If you've reached your preservation age and would like to start accessing your super without retiring, you can opt to receive an income from an NGS Transition to retirement account. Many people use this option to transition into retirement by reducing their workdays and supplementing their income with a transition to retirement income stream.
Each financial year, you can access up to a maximum of 10% of your Transition to retirement account balance.
Working after retirement
Ideas about retirement are very different from a few decades ago. Many people are fitter, more active, and keen to experience something fresh and exciting.There again, you may want to continue working on a part-time basis. Early retirement can be a great time to get the ideal work-life balance, whatever that looks like to you.
Get advice for every stage of your lifeNGS Super members have access to qualified and non-commission based financial planners, including over-the-phone limited advice^ about your account, at no additional cost. Find out more
*Income account payments are tax-free for those aged 60 and over. If you’re under 60, tax generally applies. Read our Fees, costs and tax fact sheet for more information.
^Limited advice covers one or two issues in isolation on topics such as investment selection and contribution levels. It does not take into account the member’s entire financial situation.