Because superannuation is designed to provide you with an income in retirement, there are Government restrictions on when your benefit can be paid. These restrictions are known as ‘preservation rules’.

According to legislation and the Catholic Super Trust Deed, the preserved portion of your superannuation benefit (if greater than $200) will not be payable until you meet one of the following conditions:

• permanently retire from the workforce after age 55
• leave your employer on or after age 60 irrespective of whether or not you are retiring permanently from the workforce
• reach age 65
• retire due to permanent disability
• qualify for compassionate grounds
• set up a pre-retirement pension after age 55 while still working
• suffer financial hardship and obtain required approval
• permanently depart from Australia, having been an eligible temporary resident
• die - your benefit will be paid to your estate or your dependants.