Preservation age: I’m 58. Can I withdraw my super benefits?

Q: Can you please tell me whether I can withdraw my super benefits when I retire at age 58?

A: This answer assumes that your super benefits are preserved, and the answer to your question depends on your date of birth. Under normal circumstances, access to superannuation benefits requires certain conditions including:

Note: If your super benefits include any non-preserved benefits, then different rules apply to those non-preserved benefits. I explain how you can access non-preserved benefits in the SuperGuide article Unrestricted access to super, sometimes.

Preservation age

A person’s preservation age can be from age 55 (if born before July 1960), but at least 56 years and up to age 60 if born after June 1960, depending on your specific date of birth.

If you were born on or after 1 July 1964, then your preservation age is 60 years. If you were born after June 1960 and before July 1964, then your preservation age will be 56, 57, 58 or 59 (see table below).

So, the short answer to your question is: if an individual has reached his or her preservation age, and then retires, he or she can withdraw any preserved super benefits. Remember, tax may be payable on any super benefits withdrawn before the age of 60. I explain the tax rules when withdrawing benefits before age 60 in the SuperGuide article Retiring before the age of 60: the tax deal.

Preservation age
Date of birthYour preservation age
Before 1 July 196055
From 1 July 1960 until 30 June 196156
From 1 July 1961 until 30 June 196257
From 1 July 1962 until 30 June 196358
From 1 July 1963 until 30 June 196459
On or after 1 July 196460

Source: Source: Adapted from the Superannuation Industry (Supervision) Regulations 1994, Regulation 6.01

Note: If you have reached your preservation age but say, you don’t intend to retire, then you must satisfy another condition of release to be able to access your benefits. Examples of some of the more common conditions of release are:

I explain the other conditions of release in the SuperGuide article Accessing super early: 14 legal ways to withdraw your super benefits.

Note: If you withdraw your superannuation before the age of 60, your benefit payment may be subject to tax. For more information, see SuperGuide articles Retirement: 3 ways of taking super benefits before the age of 60 and Retiring before the age of 60: the tax deal.


  1. linda holloway says:

    can i use a portion of my super for a deposit on a home loan? if so how much can i use?

  2. I’m 41. Can I transfer some of my super benefits into my Higher Education Contribution Scheme Debt account (HECS)?

  3. minning ye says:

    how can withdraw my super fun?

  4. Hi Trish,
    thanks for your information. I will be 59 in november 2010. was born 1951. Have had too many transient jobs/unemployment since 1975. I would like to know how i can access whatever super may be somewhere in the system. I never knew that fund administrators were allowed to access my “preserved” component and in so doing it would be whittled away to nothing (CBUS). This knowledge prompts the question, as i would prefer to access it rather than the administrators. My daughter who recently became a mum stands to have her super eaten up (likewise hundreds of thousands of other workers) as well. What can be done is these situations please?

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