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.
