In Australia, you can generally access your superannuation (super) when you reach age 60 and have permanently retired or have stopped working for an employer after turning 60. If you are 65 or older, you can access your super even if you are still working. Before age 60, accessing super is generally not allowed unless you meet specific conditions like severe financial hardship, compassionate grounds, or terminal medical conditions. The preservation age, which is the minimum age you must reach to access your super if you retire, is 60 for most people as of 1 July 2024. Here are the key points:
- Access super from age 60 if retired or after stopping work at or after age 60.
- Access super from age 65 regardless of retirement status.
- Early access possible only under special circumstances such as financial hardship or terminal illness.
- Preservation age is 60 from 1 July 2024 for most people.
This information applies to the Australian superannuation system and may vary for other countries.
