COVID-19 may favour preservation age ‘retirees’
Individuals over the age of 60 but under 65 who have lost their job due to COVID-19 are effectively “retired” and can immediately start a pension even if they find new work, according to an SMSF administrator.
In a blog, Heffron managing director Meg Heffron said ending a paid job after turning 60 means they experienced a retirement event, freeing up access to all the super they held at that time.
Read more at SMSF Adviser.
