Accessing your benefits early in special cases
There are a number of conditions of release which may allow you to access your preserved benefits in certain limited circumstances before reaching your preservation age, retiring, or reaching age 65. Under superannuation law there are strict qualifying criteria that must be met in each of these circumstances and restrictions can apply on the amount you can withdraw.
Broadly, these conditions of release that are relevant to preserved benefits in the Fund relate to:
- permanent incapacity
- severe financial hardship
- terminal medical condition
- specified compassionate grounds (where you have applied to the Australian Prudential Regulation Authority (APRA) and APRA has approved your application).
Before benefits can be paid under any of these conditions of release, you must provide us with specific documentation confirming that you meet the relevant qualifying criteria.
