Retirement FAQs

I’m thinking about retiring – where do I start?

There are a number of things to consider when you’re preparing for retirement. For each individual the journey will be different. You may find it helpful to start by thinking about retiring with purpose and what that might mean for you. We’ve also put together a Pre-Retirement Checklist for you to consider.

I’m not sure what I should do about retirement – can you give me advice?

There are a number of ways that we can help you to prepare for retirement, including explaining the different financial advice options available to you. You can also contact our Member Care Team if you have any questions – we’re here to help you.

When can I withdraw money from my superannuation account?

You can withdraw money from your superannuation account once you satisfy a condition of release. Click here to learn more.

If I want to withdraw my super, what are my options?

There are three ways that you can withdraw your super once you satisfy a condition of release:

  1. A Transition to Retirement (TTR) Pension
  2. An Account-Based Pension
  3. A Lump Sum Withdrawal

Click here to read more about these different options.

What is a Transition to Retirement Pension?

A Transition to Retirement (TTR) Pension is an option that allows you to access a portion of your super as an income stream once you’ve reached your preservation age, even if you have not yet permanently retired from the workforce. Click here to learn more.

How do I know if is a Transition to Retirement Pension is right for me?

There are a number of factors that may impact whether a Transition to Retirement Pension is right for you. If this is something you are considering, please contact us to discuss the type of financial advice that you may need.

If I get pension payments from Christian Super, will you send me a PAYG payment summary for my tax return?

Yes, we will send you a PAYG summary each year for your tax return.

Can I withdraw the money in my superannuation account all at once?

Yes you can, this is called a lump sum withdrawal. If you are thinking about doing this, please contact us to discuss the type of financial advice that you may need. Making a lump sum withdrawal could have tax implications and may affect your eligibility for the Government Age Pension.

 

Other Questions?

Got a question that isn’t answered here? Our Member Care Team is here to help, click here to contact us.

Click here to learn more about Retirement.