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When can I retire?

Retirement and your super

The Government has placed restrictions on when you can claim super benefits. In general, access to your super will depend upon the preservation classification that applies.

Preservation of benefits is complex and the Government may change the rules from time to time. Up to date information can be obtained by contacting us during business hours.

Preserved benefits can generally only be paid upon one of the following conditions of release:

  • Attaining you preservation age and taking advantage of a transition to retirement strategy.
  • Permanent retirement at or after your preservation age.
  • Reaching age 65.
  • Reaching age 60 and ceasing gainful employment with an employer.
  • Satisfying the compassionate grounds tests.
  • Meeting the financial hardship requirements.
  • Death (must be paid to beneficiaries).
  • Suffering total and permanent disability.
  • Permanent departure from Australia if you are an eligible temporary resident.
  • Satisfying any other condition for release specified in the super legislation.

What's my preservation age?

Your date of birth Preservation age
Before 1 July 1960 55
1 July 1960 to 30 June 1961 56
1 July 1961 to 30 June 1962 57
1 July 1962 to 30 June 1963 58
1 July 1963 to 30 June 1964    59
After 1 July 1964 60

Did you know?

Prime Super is the fund of choice for rural and regional Australia?

Prime Super is an ASFA member
Selecting Super Quality Rating - AAA

Important Notice

The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.

Issued by the Trustee: Prime Super Pty Ltd ABN 81 067 241 016 AFSL No. 219723 RSE Licence No. L0000277 Prime Super ABN 60 562 335 823; RN 1000276