To withdraw funds from superannuation a member needs to meet a condition of release (COR).

The most common conditions of release for paying benefits are that the member has met one of these conditions:

1. Retires: the member reaches their preservation ages and retires
2. TRIS: the member reaches their preservation age and begins a transition-to-retirement income stream (TRIS)
3. Stops working: the member ceases an employment arrangement on or after the age of 60
4. 65-years old: the member is 65 years old (even if they have not retired)
5. Death: the member has died

Read the full details here on the ATO website -  Conditions of release

Disclaimer: This information is general in nature. So, before acting on this or any other information, it is important to seek professional advice related directly to you and your circumstances.  Should you require our assistance, contact your Primarius Team leader, or email us at info@primarius.net.au