You can generally access your superannuation in Australia starting from age 60 if you are retired or have left your job. From age 60 to 64, there is also an option to open a Transition to Retirement account to access some of your super while still working. At age 65, you can access your super regardless of whether you are still working or not. Early access to super is possible in special circumstances such as severe financial hardship, compassionate grounds, terminal illness, or permanent incapacity.
Key access points for super:
- From age 60: If fully retired or left a job, including limited access through Transition to Retirement accounts while still working.
- From age 65: Access is allowed regardless of employment status.
- Early access: Under specific conditions like financial hardship or compassionate grounds.
Generally, super withdrawals after age 60 are tax-free, though some exceptions apply depending on circumstances.
