SMSF Benefits

Self managed super fund benefits can be paid from a taxed fund completely tax free when the member reaches preservation age. The table below shows the preservation age which will apply to you.

Date of birth	Preservation age
Before 1 July 1960	55
1 July 1960 – 30 June 1961	56
1 July 1961 – 30 June 1962	57
1 July 1962 – 30 June 1963	58
1 July 1963 – 30 June 1964	59
From 1 July 1964	60

There are three super benefit categories. The rules for accessing each of these catagories vary.

Preserved benefits

All contributions made after 1 July 1999 are preserved benefits, and to access them, you must satisfy a condition of release.

Resticted non-preserved

As long as your employer or your employer’s associates have made superannuation contributions on your behalf, your fund can pay you restricted non-preserved benefits if that employment is terminated. They can also pay you under the same conditions as preserved benefits.

Unrestricted non-preserved

These are benefits you voluntarily kept within the super system after you met a condition of release. If the super fund rules allow the payment, your fund can pay you these benefits at any time on demand, regardless of your:

age
employment situation, or
financial position.

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SMSF Rulings