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When can you access your super?

As 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 Retirement income account. Still working? A Sunsuper Transition to retirement income account may be right for you if you've reached your preservation age.

Preservation age

Your preservation age is determined by the date you were born.

 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

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

Thinking of moving to another fund or an SMSF?

Before you do, we encourage you to make a quick comparison with other funds using a comparison tool from super funds ratings house, Chant West. It will show we offer among the lowest administration fees and best value for money in the industry. Compare us on value, fees and costs.

Setting up and running a self-managed super fund involves significant time and effort. Make sure you understand the costs and what is involved in having a self-managed superannuation fund before you switch. If you're intending to transfer in order to get early access to your benefits, please read this warning from ASIC before taking any action.

If you've made up your mind to move, you'll need to complete the Transfer to another fund form [PDF 193KB]

Help and advice

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