Preservation Age

Your date of birth Minimum age for getting your super benefits
After June 1964 60
1 July 1963 – 30 June 1964 59
1 July 1962 – 30 June 1963 58
1 July 1961 – 30 June 1962 57
1 July 1960 – 30 June 1961 56
Before 1 July 1960 55

Accessing your Super

Reaching preservation age is when a Member of the Fund can legally access the benefits in the SMSF. You can access your Superannuation balance when:

  • You reach preservation age and retire permanently from the workforce
  • You turned 65 but not retired
  • You satisfy the Transition to Retirement rules while continuing to work

Preservation age varies depending on your date of birth (see table above). When you reach 65 there are no cashing restrictions. Superannuation balances are available at any time once a Member retires.

Reaching preservation age

On reaching the age of 65 and retired, an SMSF Member can take all or just part of the balance tax free by starting an Account Based Pension. Alternatively, Members can take a Lump Sum Pension.

For more info regarding pensions and conditions of release for Members to access their fund, please see here.


Contact Details


Peace Of Mind

We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.

No Advice

Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.