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Withdraw your super

If you are experiencing financial stress as a result of COVID-19, you may be eligible to access up to $10,000 of your superannuation in 2019-20 and a further $10,000 in 2020-21.

You will need to apply directly to the ATO through the myGov website, and certify that you meet the eligibility criteria. You can apply from  mid-April 2020.  

Once the ATO processes your application, we will let you know how you need to confirm your identity and bank account details with us before we make the payment to you.

Find out more or read this factsheet 

The aim of your super savings is to fund your retirement, so you normally can’t access it until you’ve reached your preservation age. However, there are certain situations where you may be eligible to withdraw your super early.

Generally, you’re able to access your super when you've reached:

  • your preservation age and have permanently retired from work
  • your preservation age and take a transition to retirement income stream
  • 60 and have ceased working in an employment arrangement
  • 65 years old (it doesn't matter if you've retired)

Your super may also be accessed by your beneficiaries after you’ve died.

If you're a member, you can request to access your super from you Super-savings account in Member Online.

Accessing your super early

Super benefits may also be paid if you:

  • have a terminal medical condition
  • are permanently incapacitated
  • are a temporary resident permanently leaving Australia
  • meet the criteria to access your super on compassionate grounds.

Learn more about accessing your super early

Getting money out

Once you reach your preservation age, you can set up a Sunsuper for life Income account, which lets you receive regular income payments while the rest of your super remains invested. Learn more about our Income Accounts.

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