Do I have to pay tax on my super if I retire and take my super as a lump sum after 60?

 Author: mikhailg(Initiate)Initiate

1 May 2024

Hi Everyone,

Another question if I could :).

I'm 61 and plan to retire this fiscal year and take all my super as a lump sum.

I'm currently on a corporate plan (created by my employer) with Mercer Super, always worked full-time, and my employers made all the contributions on my behalf.

Will I have to pay any taxes on my super if I retire and take it as a lump sum?

Thanks!

Regards,

Mikhail

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