Accessing super

As you approach your retirement, you’ll naturally start to wonder when you can access your super. You’ve spent all this time saving; when can you start enjoying the benefits?

You can access your super when you reach your Preservation Age, which varies depending on when you were born.

Date of birth	Preservation age
Before 1 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 1 July 1964	60

The way in which you can access your super depends on whether or not you have retired yet once you reach Preservation Age. If you have retired, you have full access to your super. If you have not yet retired, you can access your super in the form of a Transition to Retirement Pension.

You have full access to your superannuation when you reach the age of 65, regardless of whether or not you are still working.

In some circumstances, you may be able to access your super earlier. There are also different tax implications if you access your super before you turn 60. These are discussed in more detail in the First Super Allocated Pension Product Disclosure Statement.

age pension

Age 65 is also the age at which you are fast approaching eligibility for the Age Pension, subject to the relevant Income and Assets tests.

Depending on your birth date, from 1 July 2017 Age Pension age will be 65 years and 6 months. After that, Age Pension age will go up 6 months every 2 years until 1 July 2023.

if your birth date is	you’ll be old enough at
1 July 1952 to 31 December 1953	65 years and 6 months
1 January 1954 to 30 June 1955	66 years
1 July 1955 to 31 December 1956	66 years and 6 months
From 1 January 1957	67 years

We’re here to help. So let’s help.

If you would like to discuss accessing your super, or if you have any other questions, please  call our Members Services Team on 1300 360 988, or email us.