Ready to retire
I am ready to retire for health reason ,I am planing on takeing my super now the big question
as I'm not old enough for the aged pension what effect will my super of $100,000 if I apply for Centrelink benfit ,will my super be class as a asset or income ? I do not own a house
2 comments
2 comments
Judy, providing you leave your super in your fund until age pension age, Centrelink won't include it as an asset or income. Once you reach age pension age your super can be assessed as an asset or income. I presume until then you may be considering claiming newstart or DSP etc.
Good luck.
Col
Note: this advice is based on my understanding only and may or may not be accurate.