Because superannuation is designed to help you save for your retirement, you generally have to wait until you have retired to access it.

You are defined as "retired" if:

  • You have reached preservation age and are retired permanently from work;
  • You have reached the age of 60 and stopped any employment arrangement; or
  • You have reached the age of 65 (whether you're still working or not).

Once you are retired, you can choose to have your superannuation benefit paid out as a lump sum, or you can choose to receive a regular income by opening a Sunsuper for life Income account.

Preservation Age

Your preservation age depends on what date you were born. The following table outlines various preservation ages, and the dates of birth that match them:

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
After 30 June 1964 60

You may also be eligible to get early access to your super under special circumstances.

Want to learn more?