Super · current law
When you can use your super
Why this matters. Super is locked until a condition of release is met. Preservation age comes from the date of birth on the tax-office table. Reaching that birthday is not, by itself, every way of getting the money out.
Date of birth is not required. Enter age or birth year. Preservation age and Age Pension age come back. Reaching preservation age is not the same as a release, and it is not a pension amount.
Age now · 45
15 Oct 2041ATO preservation-age table
Preservation age 60 — about 15 years away
- Age 65
- 15 Oct 2046
- Age Pension age 67
- 15 Oct 2048
Access whether or not you are working.
Not a super release. Not an amount.
If you were born on or after 1 July 1964, the earliest you can take super is 60, and only if a release condition is met. The super figure here is still in the fund. It is not cash you can spend.
Transition to retirement
A transition-to-retirement income stream can start at preservation age while you are still working. The maximum is 10% of the balance each year. It is not early retirement, and it is not spendable cash at 55.
Minimum drawdown
Current law, as a labelled sketch. Not a pension.
| Under 65 | 4% |
| 65–74 | 5% |
| 75–79 | 6% |
| 80–84 | 7% |
| 85–89 | 9% |
| 90–94 | 11% |
| 95 and over | 14% |
Current law. A later government can move the ages. ATO — preservation age ↗ · Services Australia — Age Pension age ↗
Next: Hospital fund, HESTA, or an SMSF — The balance is a different question from the age.
What doctors often miss
Preservation age depends on the date of birth on the ATO table. Reaching that age is not, by itself, every condition of release.
Included / Not included
Included
- ATO preservation age by date of birth ↗ · current table
- Age Pension age ↗ · Services Australia
Not included
- Whether a condition of release is actually met
- Tax on the withdrawal
- The transfer balance cap
- Your fund’s own processing time
- Fund fees and insurance
Assumptions you can edit are the inputs on this page. This is a model, not a prediction, a tax assessment, or a recommendation.
A rough figure — not advice. Terms
Also
Advertisement — labelled, never inside the number.