Early release of super due to permanent incapacity
If you are unable to ever work again due to physical or mental ill-health, you may be able to tap into your super no matter what your age.
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Generally you can only access your super if you have reached your preservation age and meet a condition of release (such as retiring or turning 65). Your preservation age is between 55 and 60, depending on your date of birth.
However, the following conditions of release will allow you to access your super early (i.e. prior to reaching your preservation age and meeting a standard condition of release).
Each of these early super conditions of release has their own strict eligibility criteria.
If you are unable to ever work again due to physical or mental ill-health, you may be able to tap into your super no matter what your age.
If you are temporarily unable to work due to physical or mental ill-health issues, you may be able to access some of your super.
Retiring early due to poor health can have a real impact on your retirement plans and finances, so here’s 7 tips on what to consider.
Accessing super early due to severe financial hardship is possible under Australian law, provided that you meet strict eligibility conditions and your super fund allows it.
Learn the rules for accessing your super early on compassionate grounds, including for paying your mortgage if you are at risk of losing your home.
Australian super law allows for the full early release of your super if you’re diagnosed with a terminal medical condition, provided your super fund allows it.
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