by Helen Hodgson, Curtin University The latest Productivity Commission report, Superannuation for Post-Retirement, highlights two aspects of post-retirement income policy that have recently attracted considerable attention: the age at which people should be able to access their superannuation, and whether lump sum ... Read more
Reaching preservation age
Preservation age is the minimum age that you can withdraw your super benefits under Australian legislation, once you have also met a condition of release.
Your preservation age in Australia depends on your date of birth, as outlined below.
If your date of birth is…
- before 1 July 1960, your preservation age is 55
- between 1 July 1960 and 30 June 1961, your preservation age is 56
- between 1 July 1961 and 30 June 1962, your preservation age is 57
- between 1 July 1962 and 30 June 1963, your preservation age is 58
- between 1 July 1963 and 30 June 1964, your preservation age is 59
- on or after 1 July 1964, your preservation age is 60
Learn more about the key aspects of reaching preservation age in the following SuperGuide articles:
Set out below are all SuperGuide articles that relate to Reaching preservation age.
Superannuation missing from the IGR’s ageing narrative
The 2015 Intergenerational Report makes it clear that Australia will have an ageing population by 2055 and the undeniable fact that we are living longer. Life expectancy will, by 2055, be well into the 90s. It is also predicted that the participation rates of people aged 65 and over will increase significantly from ... Read more
Hockey looks to elderly for Australian prosperity
By mid-century, Australia will have about 40,000 people aged 100 and above – well more than 300 times the 122 centenarians there were in 1975, according to the Intergenerational Report (IGR) released on Thursday. The nation is expected to have 39.7 million people in 2055. ... Read more