Accessing your super to retire
You can access your super:
- when you reach preservation age and retire
- when you turn 65 years old
- under the transition to retirement rules (if you are eligible), while you continue to work.
Under the super laws, you don't have to cash out your super just because you've reached a certain age but the rules of your particular super fund may specify otherwise.
Your preservation age is not the same as your pension age. Your preservation age is the age you must reach before you can access your super and depends on when you were born.
If you are 60 years old or older your super payments may be tax free.
If you have reached your preservation age, you may be able to access your super to fund your retirement.