In general, you cannot withdraw lump sum super amounts until you reach preservation age (generally age 55) and permanently retire from the workforce. Your preservation age is based on your date of birth and is set by superannuation legislation.
Benefits in PSS can be withdrawn on:
Benefits may also be accessed on financial hardship or compassionate grounds.
In this section also learn about:
- benefit application
- transferring to an eligible scheme
- early release of your benefit
- death benefits
- your SIS upper limit
- super contributions surcharge tax.
To assist your retirement planning, please note that any accrued surcharge debt you may have in PSS will be recovered before your benefit is paid to you.