When can you withdraw your super?

When can you withdraw your super?

Super is a long-term investment and is only meant to be accessed when you retire. 

The Government has placed restrictions on when you can access, or withdraw your super. It’s called “preservation” and it aims to make sure everyone saves for their retirement. Your specific “preservation age” depends on when you were born.

From 1 July 2015, clients born after the 30th of June 1960 will begin reaching 55 years of age; however, their preservation age will be at least 56, with this rising to age 60 for those born after 30 June 1964. More information can be found here

Preservation ages 

After 30 June 1964


1 July 1963 to 30 June 1964


1 July 1962 to 30 June 1963


1 July 1961 to 30 June 1962


1 July 1960 to 30 June 1961


Before 1 July 1960 




Conditions of release

There are other conditions which will allow you or your dependents to access all or some of your super. You’ll have to meet one of these conditions*: 

  • Be 65 years old;
  • Retire permanently on or after your preservation age;
  • Leave employment or change employers on or after 60;
  • Die, or become permanently disabled;
  • Meet the legal requirements for severe financial hardship;
  • Meet the compassionate grounds requirement as assessed by the Department of Human Services;
  • Leave employment and your super has a restricted non-preserved component;
  • Leave employment and your preserved benefit is less than $200;
  • Are a temporary resident holding an eligible class of visa and have permanently left Australia;
  • Suffer from a terminal medical condition; or
  • Meet one of our other conditions for release for preserved money under super law.

*Subject to additional criteria.

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