The ‘preservation age’. What it means and why it matters

The ‘preservation age’ is the minimum age that your super must be 'preserved' until. It’s currently between 55 and 60, depending on when you were born. Once you’ve reached the ‘preservation age’, you may then have access to superannuation funds, if certain conditions are met., opens in new window

Date of birth Preservation age

Before 1 July 1960


1 July 1960-30 June 1961


1 July 1961-30 June 1962


1 July 1962-30 June 1963


1 July 1963-30 June 1964


From 1 July 1964


This opens up several options for you to consider but these options also bring risks, so it’s important to speak to a professional, impartial retirement adviser before making any decisions.

Transitioning to retirement

If you’d like to work fewer hours without losing income, you’re now able to start a pension to replace your lost income. Called a ‘transition to retirement’ (TTR), it’s a way to free up your time to pursue other interests and spend more time with the grandchildren.

Retirement planning strategies

You also need to weigh up how withdrawing money early will affect your final retirement lifestyle. It means you’ll have less in your final superannuation account when you decide to fully retire.

Helpful resources

Have confidence in your future with help from a financial adviser.

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Important information

This information is provided by National Australia Bank Limited ABN 12 004 044 937 AFSL No. 230686 (NAB), a member of the National Australia Bank Group of companies. Any advice is general in nature and has been prepared without taking into account your personal objectives, financial situation or needs and because of that you should, before acting on the advice, consider the appropriateness of the advice having regard to those matters. See the NAB Financial Services Guide for details about relationships between NAB and product issuers, and remuneration or benefits that may be received in relation to NAB’s authorised services.

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