Access to your superannuation funds is permitted only once you’ve met a designated condition of release. A formal written request for withdrawal must be sent to the superannuation trustee, and you may also need to provide documentation or proof that a condition of release has been fulfilled.

While multiple conditions of release exist, the three most common are detailed below. For circumstances not covered here, it’s recommended to consult your Adviser for personalised advice.

• Reaching Age 65: At age 65 you are able to access your superannuation, even if you are still working (unless your employer fund has restrictions).
• Retirement: The definition of retirement requires you to be over your preservation age and permanently retired (i.e. do not intend to work again for more than 10 hours in any week). Preservation age is gradually increasing as per below:

If you stop working for your current employer after you reach age 60, you can access your superannuation even if you intend to work for another employer in the future.

• Permanent Incapacity: You can access your superannuation if you become totally and permanently incapacitated. You will require verification from a doctor stating that you will be unlikely to work again.