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When can you access your super?

Superannuation is designed to help you save for your retirement, so there are rules around when you can access it. Once you've turned 65, or reached your preservation age and retired, you have options for how you can access your super. Withdrawing your super earlier may be possible, but only under special circumstances.

When are benefits paid?

Generally, you'll be able to withdraw from your super when you've reached:

  • your preservation age, stopped an employment arrangement and retired permanently from work or and are retired permanently from work,
  • the age of 60 and stopped any employment arrangement either on or after turning 60 years, or
  • the age of 65.

Your super benefits may be paid to your beneficiary(s) in the event of your death.

In certain situations, you may able to access your super before retirement.

Preservation age

Preservation age is the Government-specified age at which you can gain access to your superannuation benefits, provided you have permanently retired from the workforce.

Under current law, preservation age varies according to your date of birth.

 When were you born? 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
  July 1963 - 30 June 1964  59
 After 30 June 1964  60

Getting money out

Once you reach your preservation age, you can make lump sum withdrawals or set up a Sunsuper for life Income account, which lets you receive regular income payments
while the rest of your super remains invested.

Help and advice

Before you withdraw your super, it’s a good idea to make sure you understand all your options and the many great benefits of being a Sunsuper member.

Making the decision to access your super is a big one, so it's wise to get advice before withdrawing it. We can talk you through all the pros and cons. Just call 13 11 84