You can access your super when you permanently retire after reaching your preservation age. Your preservation age is set by the Australian Government and depends on when you were born.
For the purposes of accessing your super you are also considered retired when you:
|Date of birth||Preservation age|
|Before July 1960||55|
|1 July 1960 - 30 June 1961||56|
|1 July 1961 - 30 June 1962||57|
|1 July 1962 - 30 June 1963||58|
|1 July 1963 - 30 June 1964||59|
|From July 1964 onwards||60|
Learn five simple ways you can grow your super and get on track to achieving the lifestyle you want in retirement. The good news is it's easier than you think.
You can access your super as regular pension income (but not lump sums) if you are still working after reaching your preservation age.
Brighter Super offers a Transition to Retirement Pension account for this purpose.Learn more
Once you permanently retire and reach your preservation age you can choose to access your super as regular income, lump sums or a combination of both.
There are some situations where you can access your preserved super as a lump sum before retirement. These are:
The First Home Super Saver (FHSS) Scheme lets you use your Brighter Super account to help grow a house deposit. Under the scheme, you can contribute up to $50,000 to super and later withdraw the contributions to put towards the deposit on a home
Temporary residents who permanently leave Australia (excluding New Zealand residents) may be able to access their super. If you are eligible, you can claim money directly from Brighter Super within 6 months of leaving Australia. Once 6 months have passed, we will transfer your money to the Australian Tax Office (ATO) if they ask us to do so. Once transferred to the ATO, your money will not earn any interest and you will have to apply directly to the ATO to get it. Brighter Super relies on the ASIC class order relief (CO 09/437), which means we don’t have to let you know if your benefit has been transferred to the ATO. For more information, download our Temporary residents leaving Australia info sheet.
Some super contributions and investment earnings made before 1 July 1999 may be accessible before you reach your preservation age. These amounts will be shown on your annual benefit statement as unrestricted non-preserved amounts that can be accessed at any time, or restricted non-preserved amounts that can be accessed when you leave your employer.
Let our expert financial advisers help you create a plan for the future.
Use our retirement income calculator to get an idea of your future finances.
We offer a range of ways for you to get more clued up on what super’s all about.