Super withdrawal options

Conditions of release of super

The conditions of release that must be satisfied for legal superannuation withdrawals.

You can withdraw your super when you:

Retirement means you have ceased gainful employment either:

  • when you were 60 years old or over

  • before you turned 60 years old and you have reached your preservation age – the fund trustee must be satisfied you have no intention of becoming employed again in the future.

Super withdrawal options

Preservation age

Your preservation age is the age at which you can access your super if you’re retired (or start a transition to a retirement income stream).

(Your preservation age is not the same as your pension age. Check with Services Australia for the age pension eligibility requirements.)

Your preservation age depends on when you were born, as set out in this table.

Preservation age based on date of birth

Date of birth

Preservation age

Before 1 July 1960


1 July 1960 – 30 June 1961


1 July 1961 – 30 June 1962


1 July 1962 – 30 June 1963


1 July 1963 – 30 June 1964


From 1 July 1964


Accessing your super early

In very limited circumstances, you can access your super early:

  • on medical, compassionate, hardship and incapacity grounds

  • under the First home super saver scheme – to withdraw voluntary contributions you’ve made to your super

  • if you’re a temporary resident and are leaving Australia

  • if your super account balance is less than $200 and your employment is terminated, or you have a ‘lost super’ account with a balance less than $200.

Super death benefits

When a person dies, in most cases their super fund pays their remaining super interest to their nominated beneficiary.

Super paid after a person’s death is called a super death benefit.

Illegal early access schemes

It is illegal to withdraw your super for any reason other than when it is allowed by the superannuation law – that is, when you satisfy a condition of release.

Beware of people promoting early-access schemes. Participating in illegal early-access schemes will cost you a lot more than the super you withdraw.

If you’d like to find out more about withdrawing super, call us. 

Source: August 2023
Reproduced with the permission of the Australian Tax Office. This article was originally published on

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Authorised Representative 298494
Interprac Financial Planning Pty Ltd 

Darryl Jopling

Senior Adviser

I have worked in the financial services industry since 1982 and as a Financial Adviser since 1999.

I have worked for large Financial Planning businesses, Membership based organisations and looked after the financial planning needs of clients within an Accounting Practice before starting my own business.

I am married, have 4 older children and a grandson and I am keen golfer with mixed results like many .

I have been through many of the strategies I talk with clients about myself and with my family.

I have been through the journey of seeing my parents move into Aged care and negotiated the difficulties and pitfalls of understanding the system for them and this gives me an excellent insight into what is required to assist families at this difficult time.

In a previous roll I used to run retirement seminars looking at Centrelink and Retirement Incomes and how to make these work for you. I have helped many of my clients with Aged Care advice when their parents needed to move into Nursing Homes. For many clients I assist them with superannuation, building wealth and protecting their loved ones with insurance.

I am supported by his, Licensee, Interprac Financial Planning’s in-house resources and ongoing technical, systems and training.

I am committed to understanding your needs and identifying strategies and products to help you achieve your goals.

My guiding principle as an Adviser is to design plans which help to provide my clients with clarity of purpose and the opportunity to build a solid financial foundation.
I will take the time to listen, explain things clearly and keep you informed throughout the advice process.

My experience is complemented by professional qualifications including:

  • Certified Financial PlannerTM Professional
  • Diploma of Financial Planning

At Choice Financial Advice we work with you along the way on life’s journey.

Whether you are getting married, starting a family, embarking on the trip of a lifetime, planning to enjoy your years after work or assisting elderly parents with Aged Care and Nursing Home placements, we can help.