I am 60 and want to make a withdrawal from super. an i make more than 1 lump sum withdrawal or do i have to take it all in one.
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If you meet the conditions of release of your super you can make more than one lump sum withdrawl but as you are under 65 you do need to meet the conditions around a change of employment conditions. https://www.ato.gov.au/tax-and-super-professionals/for-superannuation-professionals/apra-regulated-funds/paying-benefits/releasing-benefits/conditions-of-release#Retirementundersuperlaws
It's best to speak to your super fund as usually they offer a free appointment with a financial planner to explain every thing around accessing your super
Hi @Debz,
Yes, you can make more than one lump sum withdrawal from your super as long as you’ve met a condition of release. Super can only be accessed once it becomes unrestricted non‑preserved, which happens after you meet a condition of release (for example, by ending an employment arrangement on or after age 60).
Once your super is unrestricted non‑preserved, there’s no limit on how many lump sum withdrawals you can make or how much you can take each time. This is generally up to your super fund’s rules and processes. Funds may set their own minimum withdrawal amounts or processing requirements.
Withdrawals made after age 60 are generally tax‑free if they come from a taxed super fund, which applies to most Australians.
You’ll need to contact your super fund to arrange any withdrawals, as they manage the payment process and can explain any fund‑specific requirements.
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