Accessing super early

You can access superannuation benefits when you retire, or when you satisfy another condition of release.

In this section you can also learn more about the conditions of release that permit you to claim your super before you retire, that is early access or early release of super.


Below are some of our key Accessing super early articles:

Set out below are all SuperGuide articles explaining Accessing super early.

Transition-to-retirement pension: Can I work full-time and what form do I fill in?

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Q: Your website says: “By starting a TRIP, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually.” But on the TRIP form I have from my super fund it says I have to be permanently retired or be working part time. Which is correct? I can’t see … [Read more...]

Super pensions: Starting a TRIP takes planning

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Quoting author Mark Twain, “Age is an issue of mind over matter. If you don’t mind, it doesn’t matter”. Humour aside, apparently the term ‘pension’ can trigger a negative reaction for some baby boomers. Many baby boomers don’t even like the relatively inclusive term of ‘seniors’ because this term … [Read more...]

TRIPs: 10 interesting facts about transition-to-retirement pensions

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Note: The general concessional contributions cap remains at $30,000 (for the 2015/2016 year, and also applies for the 2014/2015 year). The special $35,000 cap for over-50s continues to apply for the 2015/2016 year (or more specifically, to anyone who is aged 49 years or over on 30 June 2015). If … [Read more...]

2015 Federal Budget summary: No new taxes on super but bumpy ride for retirees

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On 12 May 2015, the federal treasurer Joe Hockey released the second federal budget of his career. While last year’s budget was fire and brimstone and targeted ‘leaners’ (who Hockey blamed for the state of Australia’s finances, when he was not blaming the former ALP government), Hockey’s launch of … [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...]

I’m under 60. Does my super payout also affect my other income, and tax bill?

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Q: I have tried to phone the ATO re this query. Could you tell me the answer to this question? I turn 55 soon and I am eligible for a super payout of $185,554 next month of which only the $554 is taxable at 17.0%. However I still intend to keep working at my $58,000 a year job and wondered how this … [Read more...]

Accessing super: Preservation age jumps to 56 years from July 2015

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Turning 55, retiring and accessing your super will become a thing of the past from July 2015. Anyone born on or after 1 July 1960 needs to push from their mind that the age of 55 is the ticket to superannuation access. From 1 July 2015, Australians turning 55 will have to wait at least another year … [Read more...]