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When you decide to retire and it comes time to access your super, you have a variety of options.
You are defined as “retired” if you:
Once you are retired, your superannuation benefit can be paid out as a lump sum. You can also choose to have it paid to you as regular amounts by choosing one of our award winning super pensions.
A Retirement Pension – designed for members who have permanently retired from the workforce and have reached their preservation age, or who have turned 65 years of age, and
A Workforce Pension – designed for members aged between preservation age but before the age of 65 who are still working.
Our super pension can be used to top up an age pension from the Government if you are eligible, or as your main source of regular income in retirement.
You can also choose a combination of these methods. Our advisors can take you through all the options you might like to consider.
* Your preservation age depends on when you were born:
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 can also get early access to your super under special circumstances.