Advantages to Retiring after 60

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Since July 2007, taxation on superannuation benefits has been simplified for
those retiring after age 60. It can now be summarised simply in two words:
tax-free.
It no longer matters when you started your super, the types of contributions
and how much you make the withdrawl. If your super comes from a taxed
super fund – which most of us have – your benefit will be paid to you taxfree.
If you super comes from an untaxed fund, such as many public sector
funds, you may still be subject to income tax, but at a lower rate than if you
were under age 60.

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