When can you access your super?

Super has been designed as savings for your retirement, so there are strict conditions around when you can access it.

You can access your super when:

  • you reach your preservation age (refer to the table below) and permanently retire;
  • you turn 65; or
  • transitioning to retirement while continuing to work (subject to eligibility and restrictions).

Your preservation age is based on when you were born, as shown below:

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 - 30 June 1961 56
1 July 1961 - 30 June 1962 57
1 July 1962 - 30 June 1963 58
1 July 1963 - 30 June 1964 59
on or after 1 July 1964 60

There are special circumstances in which you can apply for the early release of your super (either in part or whole) – these include financial hardship, disability or terminal illness. Refer to the Fact Sheet - Accessing your super for more information.

As you approach retirement, there are some things you should consider:

  • Is your super balance enough to fund the retirement lifestyle you desire? Remember, you will most likely have at least 20 years in retirement.
  • Do you need to boost your super balance over the next few years prior to retirement? Super is one of the most tax-effective ways to save money especially as you get older.
  • Do you want a steady income, a lump sum payment or a bit of both when you retire?
  • What is the most appropriate investment strategy for your pension savings? You’ll need to at least keep pace with inflation.