Accessing super

Find out the 12 ways to legally access your superannuation including what happens if you access your super before the age of 60, or you relocate overseas or you want to withdraw your super to cover your mortgage or other bills.

Accessing super also includes a special section called Accessing super early, which contains articles dealing specifically with accessing your benefits before retirement.


Below are some of our key Accessing super articles:

Set out below are all SuperGuide articles explaining Accessing super.

Age Pension: Deemed income falls again with lower rates and higher thresholds

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If you own financial investments and receive the Age Pension, or you hope to claim the Age Pension, then you need to be aware of a recent change to the deeming thresholds for the Age Pension income test, and another relatively recent change to the deeming rates applicable to financial investments. … [Read more...]

Age Pension age increasing to 70 years (updated table)

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Note: This article (including table) explains the Age Pension eligibility age, which jumps by 5 years for younger Australians, subject to legislation. If you are seeking information on the retirement age for accessing superannuation benefits see SuperGuide article Accessing super: What is my … [Read more...]

Age Pension: Assets test thresholds from 20 September 2014

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The UPPER asset thresholds for the Age Pension assets test increased again on 20 September 2014, which means more Australians may now be eligible for a PART Age Pension. A single person can own more than $770,000 in assets (excluding his or her home), and still receive a small PART Age Pension, … [Read more...]

Age Pension: September 2014 rates now apply

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The Age Pension rates, effective from 20 September 2014, are set out in the tables below. A single person eligible for the FULL Age Pension can expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $22,212. A couple eligible for the full Age Pension … [Read more...]

Accessing super early: 14 legal reasons to cash your super

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Many Australians are facing hard times, especially with structural change transforming our economy. The harsh reality is that mortgage repayments and everyday living expenses continue even when you when suffer redundancy, illness or other forms of misfortune. We receive hundreds of emails from … [Read more...]

Accessing super: What is my preservation age?

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We receive hundreds of questions each year asking when you can retire under the super rules, and any special conditions you need to meet before you can take your super benefits. The key concept that every Australian needs to be aware of in terms of superannuation, and accessing super benefits, is … [Read more...]

Accessing super early: Terminal illness

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Q: I have a terminal illness. Can I access my super benefits? A: I’m sorry to read about your illness. The superannuation rules do recognise that super benefits can be accessed early under such devastating circumstances. For your information, ‘terminal illness’ for the purposes of accessing … [Read more...]

Accessing super early: Terminally ill receive tax break

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Individuals with a terminal medical condition are able to access their super lump sum payments tax-free, regardless of age. A super fund can release super benefits to a member if they have a terminal medical condition. According to the legislation, a terminal medical condition exists if two … [Read more...]

Can I access super early due to ‘severe financial hardship’?

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Q: I am in financial hardship. Can I withdraw my super to pay my expenses? A: I’m sorry to read about your circumstances. Yes, in certain circumstances individuals suffering financial hardship may be able to access a portion of their super benefits. You must apply to your super fund to claim … [Read more...]

Accessing super early: Not for business debts

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Q: I am in partnership in a franchise business. We have been struggling since the beginning of the recent financial crisis, and have fallen behind on rent and we are just managing to keep up with service providers. I would like to withdraw my superannuation to invest into the business. I only have … [Read more...]