Accessing your money
Super is a long-term investment, designed by the Government to pay for your retirement. It has set rules for when it can be accessed, which are generally the same for all super funds.
When can I access my super?
- After you reach preservation age
- In times of financial hardship
- On compassionate grounds
- If you're a temporary resident permanently leaving the country; or
- If you are terminally ill or permanently incapacitated
What’s my preservation age?
Your preservation age is the minimum age, set by law, that your super must be 'preserved' until. Your preservation age is currently between 55 and 60, depending on when you were born.
When you reach preservation age, you can access your super as long as you are permanently retired (or reached age 65). If you haven't permanently retired, you can still access part of your super via a transition to retirement pension.
|Date of birth||Preservation age|
|Before 1 July 1960||55|
|1 July 1960 to 30 June 1961||56|
|1 July 1961 to 30 June 1962||57|
|1 July 1962 to 30 June 1963||58|
|1 July 1963 to 30 June 1964||59|
|1 July 1964 and onward||60|