Accessing your super

You can legally gain access to your super:

• When you’ve permanently retired from the workforce and meet the relevant preservation age – which varies based on your date of birth.
• When you’ve reached the age of 65.
• When you leave or change your job after the age of 60.
• If you’ve suffered permanent incapacity.
• If you are diagnosed as terminally ill.
• If you are assessed to be in severe financial hardship.
• If you’re no longer employed by a standard employer sponsor of the fund and your account balance is less than $200.
• If you’re a temporary resident of Australia and decide to permanently leave the country.

 

Whether you’ve fully retired or are accessing your super as part of a transition to retirement strategy, there may be rules around the amount of super you can withdraw each year. These annual limit rules only apply for account-based pensions or other pension streams .

For further information about when you can access your super (and the conditions that apply), speak to one of our qualified Bendigo financial planners or visit www.ato.gov.au/super.

At what age can I access my super?

The age at which you can access your super depends on your date of birth. Super funds call this your preservation age.

 

Date of birth	Preservation age
Before 1 July 1960	55
1 July 1960 to 30 June 1961	56
1 July 1961 to 30 June 1962	57
1 July 1962 to 30 June 1963	58
1 July 1963 to 30 June 1964	59
After 30 June 1964	60