Condition of release

A condition of release is a term that means a member can take his super out of the super system after satisfying a condition, such as retiring, or becoming permanently disabled.


Set out below are all SuperGuide articles explaining Condition of release.

SMSF pension: After making super contributions, when can I convert to another pension?   Super Guide

Can I start the new account based pension as soon as I meet another “condition of release”, i.e. stop my part time employment?

Q: I turned 60 this year and I have been sick since late last year. I am wondering if you can tell me what kind of tax I have to pay if I take my super payment. I haven’t been to work since the start of December 2013.

Transition to retirement pension (case studies): How does a TRIP work?   Super Guide

A transition-to-retirement pension (TRIP) enables any Australian, aged 55 or over, to access his or her superannuation benefits in the form of a pension (income stream) without retiring or satisfying an additional condition of release.

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’m 60. Why can’t I access my super benefits?   Super Guide

Q: My husband turned 60 years of age in October 2010, and he has $80,000 in his super fund. We would like to withdraw his entire super as we need the funds to purchase a house. Due to his age we need a deposit of $100,000 before the bank will lend us the money for the house.

What are the super and retirement rules for over 65s?   Super Guide

Q: My wife and I have a small business. I was told by an organisation that at 65 I could put money into super, pay 15% tax on the way in and then draw it out when I wished and pay no tax.

Non concessional contributions: Re contribution strategy still applies   Super Guide

Q: My wife will turn 60 later this year and it has always been my intention to cash out her portion of our small self managed super fund (SMSF)…

Q: I was an Australian citizen, age 37, and had been part of a super fund from about 1993/4. I left Australia in 2001. I see from your 12 legal reasons to cash your super article that I may be able to access my restricted benefit.

Accessing super early: Permanent departure from Australia (6 Q&As)   Super Guide

This article contains 6 examples of the most popular questions received by SuperGuide from Australian citizens and Australian permanent residents departing Australia, and who are seeking to access super benefits before retirement. If you’re a temporary resident of Australia then check out another SuperGuide article Accessing super early: Temporary resident.

Accessing super early: Can I withdraw super to pay overdue rent?   Super Guide

Q: I have a tenant who is about to be evicted from their rental home. He has a small super benefit. Can he access that under the ‘severe financial hardship’ category (clause 4 b) – everyday living expenses?