Preservation age
The earliest age you can access your super, now 60 for everyone born after June 1964.
Super is preserved, meaning locked away, until you reach preservation age and meet a condition of release. For anyone born from 1 July 1964 onwards, that age is 60.
Reaching preservation age alone is not enough. You also need a condition of release — typically retiring with no intention of returning to full-time work, or reaching age 65 regardless of employment status.
Between preservation age and 65, a transition to retirement pension allows limited access while still working, drawing an income stream within annual minimum and maximum limits.
Two conditions, not one
At 60 you have reached preservation age, but if you are still working full time you generally cannot take a lump sum. Retire, and the condition of release is met and the balance becomes accessible.
The bit people get wrong
Schemes offering to unlock your super early for a fee are almost always illegal. Participating can cost you the entire balance in tax and penalties on top of the fees paid to the promoter.
Common questions
What is my preservation age?
For anyone born on or after 1 July 1964 it is 60. Older Australians had lower preservation ages under transitional rules that have now largely worked through.
Can I access super before preservation age?
Only under limited conditions such as severe financial hardship, specified compassionate grounds, terminal illness, or permanent incapacity. Each has strict evidence requirements.
What is a transition to retirement pension?
An income stream available once you reach preservation age that lets you draw between 4% and 10% of your balance each year while continuing to work.