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There are rules, regulations, circumstances and certain ages that apply when accessing your super. Where do you fit? And when are you looking to retire?
When can you access your super?
All contributions made by you or on your behalf since 1 July 1999 form part of your preserved benefit.
Generally your super can only be accessed when:
- you reach your preservation age and retire from the workforce
- you reach age 60 and leave your employer
- you reach age 65.
Preservation Age
Your preservation age is the age from which you can take the preserved part of your super. Depending on your birth date this could range from age 55 to 60.
Preservation Ages
| Birth date |
Preservation Age |
| Before 01/07/1960 |
55 |
| 01/07/1960 - 30/06/1961 |
56 |
| 01/07/1961 - 30/06/1962 |
57 |
| 01/07/1962 - 30/06/1963 |
58 |
| 01/07/1963 - 30/06/1964 |
59 |
| 01/07/1964 or after |
60 |
Accessing your benefit early
Your super benefit may be accessed early in any of the following cases:
- you die or become permanently incapacitated,
- you are experiencing severe financial hardship,
- there are compassionate grounds, or
- your account has less than $200 and you change employers.
Applications for early release of your super on compassionate grounds or for reasons of financial hardship will be determined in accordance with the strict provisions imposed by the Commonwealth Government.
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