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Phases of super

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Superannuation money may be held in one of three different phases, each with a different tax treatment.

Phase Generally applies… Taxation of earnings Taxation of withdrawals Taxation of pension payments
Accumulation While you are building up your super. Up to 15% See Tax on withdrawals. N/A
Pre-retirement When you have used your super to start a transition to retirement pension. Up to 15% See Tax on super pensions.
Retirement
  • When you have a transition to retirement pension that has entered retirement phase because you have retired, reached age 65, have a ‘terminal medical condition’ or are permanently incapacitated.
  • When you have used your super to start an account based pension.
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General advice and information only

Any advice and information on this website is general only, and has been prepared without taking into account your particular circumstances and needs. Before acting on any advice on this website you should assess or seek advice on whether it is appropriate for your needs, financial situation and investment objectives.

Tax disclaimer

Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.