We’d all like to access our superannuation savings sometimes, but the laws that govern superannuation make sure all that hard work you put into your super over the years is kept for you until retirement. Your super funds can be paid to you if or when:

• you reach your preservation age and retire
• you die
• When you cease employment on or after age 60
• If you are an eligible temporary resident, after you have left Australia permanently
• you are permanently incapacitated
• your employment is terminated and the benefit is less than $200
• you are a lost member who is found and the benefit is less than $200.

In very limited circumstances, you can access your super funds prior to your preservation age in a lump sump sum if you:

• need to meet expenses associated with a medical condition or other compassionate grounds
• are experiencing severe financial hardship
• have a terminal illness.

If you wish to access your super and think you may fall into one of these categories, please contact the fund for further information on 1800 812 993.

We recommend you consult a financial advisor prior to retirement to make sure you understand the implications of what is best for you and you individual circumstance.

You might also want to consider a transition to retirement strategy. If you’re eligible, you can reduce the amount of hours you work and access your super as an additional income stream.

Will you have enough?
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