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Super can be confusing so through a series called Super 101 we’re going to strip back the jargon and help make it easier to understand.  


Our first article addressed what super is and where it comes from. In this article, we talk about when and how you can access your super.

When can I access my super?

For most of us, we spend our entire working lives contributing to super, but when do we get to access this pool of hard earned money?

Yes, for some of us, retirement feels like a lifetime away, but time does fly and before you know it, you’ve retired.

Accessing your super is dependent on your preservation age and meeting a condition of release. Basically, it’s a term that means a member can take their super out after satisfying a condition, such as retiring. The most common conditions of release are;

  • Age, you turn 65 years or older (even if you haven’t retired)
  • Permanent retirement on or after your preservation age
  • Termination of employment after turning 60, with no intention of returning to the workforce.

How can I access it?

Once you’ve met a condition of release, how do you get your hands on it? How you access or take out your super depends on your fund and how you plan to use it throughout your retirement.

  • Vision Super offer a Non-commutable Pension (NCAP) and an Allocated Pension.
    The NCAP are for those who are still working and are not ready to fully retire. If you have reached your preservation age, you can commence transitioning to retirement and access part of your super, while working in a reduced capacity.
  • The Allocated Pension is for those who have retired, reached their preservation age or are over the age of 65.
  • Or, you can take all your super as a lump sum and invest it or spend it yourself.

Keep an eye out for our next Super 101 article and to find out which payment option is better for you, lump sum or pension? For more information, please visit our website.

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