Accessing super

There are multiple ways that you can legally access your superannuation. These are known as conditions of release.

The most common conditions of release are listed below.

• Reaching your preservation age and retiring. Your preservation age is between 55 and 60, depending on your date of birth.
• Reaching your preservation age and starting a transition-to-retirement income stream (TRIS).
• Being 60 or over and ceasing an employment arrangement, even if you don’t retire.
• Being 65 or over, even if you don’t retire.
• Death.

There are also the following additional conditions of release that will allow you to access your super early, provided you meet strict eligibility criteria.

• On compassionate grounds.
• If you’re suffering severe financial hardship.
• If you’re diagnosed with a terminal medical condition.
• If you’re temporarily incapacitated.
• If you’re permanently incapacitated.
• Through the First Home Super Saver Scheme.
• If you’re a temporary resident departing Australia.
• If you terminate gainful employment with less than $200 in your super account.