COVID-19: Early release of $10,000
Many members will be affected by COVID-19 in the coming weeks and months and, for some, the pandemic will mean a loss of income and financial hardship.
The Government has relaxed the rules around early access to super if you need financial relief as a result of the disruption caused by COVID-19. A tax-free withdrawal of up to $10,000 will be available from 20 April 2020 and another $10,000 from 1 July 2020. Applications for this form of early release need to be made directly through the ATO.
Preservation age and your super
The age at which you can access your super depends on your date of birth and is known as your "preservation age". Enter your date of birth below to find out when you can access your super.
You can withdraw some or all of your super if you satisfy one of the conditions of release.
Release of super at retirement age:
- Reaching preservation age and choosing to access some or all of your super balance as a transition to retirement pension while remaining employed on a full- or part-time basis.
- Permanent retirement from the workforce on or after your preservation age.
- Termination of employment after turning age 60 (without necessarily retiring permanently).
- Reaching age 65 (whether you are retired or not).
When can I access my super?