Accessing your Superannuation

Superannuation is designed to provide you with an income in retirement. If you want to access your super before then, you need to be aware that there are Government restrictions on when your benefit can be paid in cash. These restrictions are known as ‘preservation rules’ and apply to all withdrawals except for rollovers to other funds.

Can I access my super before I retire?

According to legislation and the Catholic Super Trust Deed, the preserved portion of your superannuation benefit (if greater than $200) will not be payable until you meet one of the following conditions:

• Reach age 65.
• Leave your employer on, or after age 60, irrespective of whether or not you are retiring permanently.
• Rolling over your super into another fund.
• Permanent Retirement: from the workforce after age 55.
• Permanent Disablement: retiring due to disability.
• Terminal Medical condition
• Compassionate Grounds: if you qualify for compassionate grounds.
• Pre-Retirement Pension: if you set up a Pre-Retirement Pension after age 55 while still working.
• Financial Hardship: if you suffer a period of financial hardship and obtain required approval.
• Temporary Resident: if you permanently depart Australia having been an eligible temporary resident.
• Death: upon the event of your death your benefit will be paid to your estate or dependants.

Need more information? Contact Us or call 1300 655 002 (Mon-Fri 8.00am-5.30pm AEST).