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| Accessing your Superannuation Benefits |
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| Accessing your Superannuation Benefits |
| Are you? |
- Considering retirement and/or looking to access your superannuation benefits? |
| At a glance: |
- Certain conditions must be met before you can access your superannuation. |
| You should: |
- Check the superannuation rules in relation to cashing your benefits.
- Contact us if you require any clarification or advice. |
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| 1. |
Gaining access to your superannuation benefits is generally based on three key criteria:
a. Your age;
b. Whether or not you are gainfully employed; and
c. The preservation status of your benefits.
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| 2. |
Generally, individuals are prohibited from accessing their preserved benefits until they reach their preservation age. Your preservation age is determined by your date of birth.
| Date of Birth |
Preservation Age |
| Before July 1, 1960 |
55 |
| July 1, 1960 - June 30, 1961 |
56 |
| July 1, 1961 - June 30, 1962 |
57 |
| July 1, 1962 - June 30, 1963 |
58 |
| July 1, 1963 - June 30, 1964 |
59 |
| From July 1, 1964 |
60 |
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| 3. |
If you have not attained preservation age, there are limited circumstances under which you can access your preserved superannuation benefits. These include:-
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| 4. |
Once preservation age is reached, you may access your super before you retire but only in the form of a "Non-Commutable" income stream, not a lump sum.
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| 5. |
For more information on accessing your superannuation click here, or visit the ATO website at www.ato.gov.au
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How can
we help you?
Contact us
To discuss how we can
help your organisation,
call us on (02) 9874 8038 or
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