Tax Talk: When can I legally take out my super?

Generally you can only withdraw your super when you reach preservation age and stop working.

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You can withdraw your super:

• when you turn 65 (even if you haven’t retired), or
• when you reach preservation age and retire, or
• under the transition to retirement rules, while continuing to work

There are also some very limited circumstances where you may be able to withdraw your super early such as compassionate grounds, severe financial hardship and certain medical conditions.

MORE INFORMATION IN THE PODCAST:

For more information on the Superannuation and when you can access it legally visit ato dot gov dot au forward slash illegalearlyrelease