Bruce O.
Penrith, NSW
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I am 60yrs old and working full time.
If I invest $50k into my super am I able to access it before my planned retirement at 65?
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Hi Bruce,
As you are over 60 and currently working all you would need to do is cease employment with an employer. So if you are currently just working full time for 1 employer, you would need to cease employment with that employer (change jobs or retire).
If you are making a lump sum contribution to superannuation, I would suggest fully utilising your concessional contribution cap ($25k per annum) before making non concessional contributions.
Cheers
Glenn