#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
Find out when you can draw on your retirement savings
Superannuation is a compulsory, long-term investment designed to help you prepare financially for retirement. For many Australians, super could be a main source of retirement income, and there are rules around when you can access it to keep your savings for your future.
If you are under 60 years of age, you must have reached your preservation age and be permanently retired to access your super. Your preservation age is a minimum age, set by the Australian Government, that your super must be ‘preserved’ until. The preservation age is between 55 and 60, depending on the year and month you were born.
If you're not ready to retire, you could draw on some of your savings while you’re still working by opening a Transition to Retirement Income account.
If you stop an employment arrangement on or after turning 60, you are able to access the superannuation you have accumulated up until that point. If you decide to return to work, you will need to wait until your employment ends before you can access any of the new contributions.
If you are aged 60 years old and not yet ready to retire, you could access some of your super while you’re still working by opening a Transition to Retirement (TTR) Income account.
You can use a TTR Income account to reduce your work hours without reducing your income, or as part of a tax strategy in the lead up to retirement, saving you tax while your savings continue to grow.
If you are between 55 and 60 years old, you would normally need to be permanently retired and reached your preservation age to access your super as a lump sum.
Your preservation age is a minimum age, set by the Australian Government, that your super must be ‘preserved’ until. The preservation age is between 55 and 60, depending on the year and month you were born.
However, if you've met your preservation age and want to draw an income from some of your super, but you're not ready to retire, you could open a Transition to Retirement Income account.
Find out how early you can access tax-free super, how much super you can withdraw tax-free, and how it works.
Once you've turned 65 – or have met one of the other the conditions to access your super – there are a number of ways to draw on your retirement savings. You can access your super as:
Learn more about ways to make a withdrawal from your super, or learn more about how our retirement solutions could work for you.
While your super is generally locked away until you are retired, there are some circumstances where you can apply to take it out early. Find out more.
Our great range of retirement solutions is just one of the many reasons to retire with QSuper.
Ease into retirement and enjoy regular payments from your super while you're still working. With flexible payment options, a track record of strong long-term performance,2 and simple, transparent fees, see why thousands of members feel confident about transitioning to retirement with us.
Enjoy life after work and turn your super into a regular income with our award-winning Retirement Income account. As you money stays invested, your savings could continue to grow. Find out why thousands of Australians have partnered with QSuper in retirement.
Enjoy security and confidence in retirement with our Lifetime Pension. It provides an income for the rest of your life, and may even increase your Age Pension payment (if eligible). Find out how you could benefit from this industry-first solution.
When it comes to making the most of your retirement, getting professional guidance can help.
Deciding what is best for you will depend on your personal circumstances, so find out more about financial advice options.
1. If you hold a Defined Benefit account, there are some important considerations before you access your super when you are still working.
2. Past performance is not a reliable indicator of future performance. Each of our investment options has a different objective, risk profile, and asset allocation.