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Superannuation holding accounts (SHA) special account

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Can I withdraw my SHA special account balance?

You or your legal representative can withdraw your SHA special account balance if you:

  • have retired due to permanent disability
  • are 65 years of age or over
  • have received specified Australian Government income support payments for a certain period, depending on your age
  • have an account balance of less than $200 and your employment with the employer that made the deposit has ceased (this category is not available if your account balance includes super co-contributions)
  • are at least 55 years of age, and
    • you are not a resident of Australia for income tax purposes, and
    • you are not employed (or are employed but the duties are performed wholly or principally outside Australia)
  • were a holder of a temporary resident visa that has expired or been cancelled and have left Australia, or
  • are the legal representative of the account holder, who is deceased.

For more information on direct payments from the SHA special account and the tax applicable to these payments, refer to Superannuation Holding Accounts (SHA) special account – direct payment.

Last Modified: Friday, 16 October 2009

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