Early release of super

Generally you can only access your super if you have reached your preservation age and meet a condition of release (such as retiring or turning 65). Your preservation age is between 55 and 60, depending on your date of birth.

However, the following conditions of release will allow you to access your super early (i.e. prior to reaching your preservation age and meeting a standard condition of release).

• On compassionate grounds
• If you’re suffering severe financial hardship
• If you’re diagnosed with a terminal medical condition
• If you’re temporarily incapacitated
• If you’re permanently incapacitated
• If you’re participating in the First Home Super Saver Scheme
• If you were a temporary resident who has departed Australia
• If you have a super account balance below $200

Each of these early super conditions of release has their own strict eligibility criteria.