Turning 55, retiring and accessing your super will become a thing of the past from July 2015.

Anyone born on or after 1 July 1960 can forget about retiring at 55.

From 1 July 2015, Australians turning 55 will have to wait at least another year before they can access super benefits.

This is a gradual increase that will see the preservation age increase to 60. The below table sets out your preservation age.

 

Date of Birth

Age

Before 1 July 1960

55

From 1 July 1960 until 30 June 1961

56

From 1 July 1961 until 30 June 1962

57

From 1 July 1962 until 30 June 1963

58

From 1 July 1963 until 30 June 1964

59

On or after 1 July 1964

60