When can you access your super?
Because super is designed as savings for your retirement, there are rules that govern when you can access it. Generally, it must remain ‘preserved’ until you reach your preservation age and retire, you turn 65, or you turn 60 and leave employment.
Your preservation age depends on your date of birth.
|Date of birth||Your preservation age|
|Before 1 July 1960||55 years|
|1 July 1960 to 30 June 1961||56 years|
|1 July 1961 to 30 June 1962||57 years|
|1 July 1962 to 30 June 1963||58 years|
|1 July 1963 to 30 June 1964||59 years|
|After 30 June 1964||60 years|
When you access your super either as a lump sum or an income from a pension you may pay tax if you are under 60 years of age.
Learn more about your pension options once you reach preservation age.
There are circumstances when you can access your super earlier
There are some special instances, where you may be able to access your super earlier than the preservation age. These include:
- you become permanently incapacitated
- you have a terminal illness
- you are suffering severe financial hardship or on compassionate grounds; and
- you are a temporary resident and you have permanently left Australia.
Learn more about accessing your super.
To apply to receive funds for financial hardship or compassionate grounds, please call 1800 757 607 to receive the relevant forms.