Superannuation Withdrawal — How Much Can You Access?
Calculate your superannuation withdrawal options including preservation age access retirement income streams and early release conditions.
Superannuation can be accessed when you reach your preservation age (60 for most Australians) and meet a condition of release such as retirement. From age 60 super withdrawals are completely tax-free from a taxed fund. Between preservation age and 60 withdrawals receive a $235000 low-rate cap (taxed at 0%) with amounts above taxed at 15%. Early access is only possible for severe financial hardship or specific compassionate grounds.
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Key Information
| Parameter | Details |
|---|---|
| Preservation Age | 60 (born after 1964) |
| Tax-Free Withdrawals | From age 60 (taxed fund) |
| Low-Rate Cap (55-59) | First $235000 at 0% |
| Early Release | Financial hardship or compassionate grounds only |
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Use Calculator NowFrequently Asked Questions
How much super can I withdraw at 60?
At age 60 with a $500000 super balance you can withdraw the entire amount tax-free if your fund is a taxed fund (most industry and retail funds). You can take a lump sum a pension income stream or a combination. There are no maximum withdrawal limits after meeting a condition of release at age 60.
Should I take a lump sum or pension from super?
Lump sum: full access immediately but requires self-management of funds. Pension (account-based): provides regular income while the balance stays invested and grows tax-free. Minimum pension drawdown rates apply (4% at age 60-64 increasing with age). Most financial advisors recommend a pension for tax-free investment earnings and structured income.
What is the transition to retirement strategy?
Before fully retiring you can access super from preservation age while still working through a Transition to Retirement (TTR) pension. This allows you to reduce work hours while supplementing income from super. TTR pensions are taxed at 15% on earnings (not tax-free like retirement pensions) and have a 10% maximum drawdown limit.
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Last updated: March 2026