When Can I Access My Super?

What usually happens...

1. When you have retired and have reached the preservation age

2. When you have reached the preservation age and continue to work, you may access a prescribed amount of super through Transition To Retirement (TTR).

Under some unconventional situations...

3. First Time Home Buyers

When you have met all the requirements and prerequisites, it is possible to withdraw a maximum of AUD$30,000 from your super account.

4. Low Total Balance

When your super account balance is less than AUD$200, then you may withdraw.

5. Major Financial Burden

If you fall into a financial crisis and qualify the specifications of what the government deem to be 'Serious Financial Hardships', you may be granted a proportion of your super.

6. Irreversible Medical Condition

If you have been diagnosed with an illness that is under the approval of Super regulations, you will be permitted to access your total super balance before preservation age. In addition to that, you are waived of capital gains tax for this amount of super.

7. Claim Total and Permanent Disablement Insurance (TPD) and Income Protection through Super

If you have been diagnosed with a chronic illness, major disability or you have 'permanently lost the ability to work' and your TPD was bought through your Super, you may withdraw the total insurance cover amount from your Super account. If you purchased income protection through your Super but due to long-term chronic illness or your inability to work per usual, you may receive regular income from your Super account during this period.

8. Non-residents permanently leave Australia

If you have legally entered Australia on a temporary residential visa, when you decide to permanently leave Australia, you may request to withdraw the total balance in your Super account. If you are an Australian or New Zealand citizen or Australian Permanent Resident (PR) or you withhold a retirement visa then upon your permanent departure from Australia you are not privileged to this policy. New Zealand citizens can transfer their Super balance to their KiwiSaver account (New Zealand retirement system).