Can I withdraw PART of my super on a regular basis (eg $200 per month) to supplement my reduced income as I am thinking of working part time?
Answer
If you do not wish to retire but would like to access your super in the form of an income stream payment, a First State Super Transition to Retirement Income Stream (TRIS) is open to anybody that is not a temporary resident and who has a superannuation benefit of at least $20,000 and has reached their preservation age (age 55 if you were born before 1 July 1960). Within certain limits, you choose the frequency and payment amounts of the income stream, click here to find out more. For information about tax and income streams click here.
