Covid-19 Early Release Measure

Eligibility criteria for early superannuation benefit release for those financially distressed.

As a general rule, superannuation benefits may only be accessed once members turn 65 or reach their preservation age (between 55 and 60 depending on when they were born) and retire. 

However, some financially distressed superannuation members may be able to access up to $10,000 of their super balance in 2019/20 and a further $10,000 in 2020/21 under a new temporary early release condition.