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How to access my retirement savings and super

1 min read Key takeaways

  • What is a condition of release
  • Ceasing gainful employment
  • What if you change your retirement plans

In order to access your retirement savings, you will need to meet a criteria known as the ‘condition of release’ which simply means, if you need to meet the following conditions:

  • The member has met their preservation age
  • The member is over age 60 and has ceased gainful employment and
  • Has turned age 65 (no restrictions around working conditions)

What does gainful employment mean? It simply means where a person is self-employed or employed, the working arrangement has come to an end and requires a formal termination of employment.

Dec 9, 2020 Superannuation
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