What happens when I retire?
When you retire you have more options when it comes to your super than just withdrawing it!
- So yes, you can withdraw the full amount and manage your money on your own
- You can leave your money in super where it continues to be invested
OR - you can transfer the full amount to a pension product, allowing the money to be invested, and you receive regular payments just like an income stream to help manage your money – also allowing you to take a lump sum payment at anytime if you wish
Many super funds have pension products, so you can easily transition from your super to a pension product easily and quickly.
At Catholic Super we offer a Pre-Retirement Pension and a Pension product.
To decide what is your best option you need to firstly determine what are your goals in retirement? How do you envisage your life being when you no longer work? And other important questions… Read more on Retirement Planning
