Accessing your super


Preservation - restrictions on cashing super

Generally under Federal government legislation, you can only receive your benefits in cash when you satisfy one or more of the following ‘conditions of release’:
  • You retire after reaching your preservation age (refer to the table below), or
  • You cease employment on or after age 60, or
  • You reach age 65, or
  • You die, or
  • You suffer permanent incapacity (as defined in the superannuation law), or
  • You suffer severe financial hardship (you will need to satisfy the Trustee in relation to a number of criteria set down by law before any part of your preserved benefit can be released), or
  • APRA approves the release of some or all of your benefits on compassionate grounds, or
  • You are a temporary resident (apart from NZ citizens) on particular types of visa departing Australia permanently, or
  • You leave employment and your total preserved benefit is less than $200, or
  • You have an unrestricted non-preserved component of your benefit, or
  • You leave employment and have a restricted non-preserved component of your benefit.

Date of Birth

Preservation age

before 1/7/1960

55

1/7/60-30/6/61

56

1/7/61-30/6/62

57

1/7/62-30/6/63

58

1/7/63-30/6/64

59

After 30/6/64

60

You can also access you super via an account based pension or under special circumstances.