Estimate how much you can withdraw from super, when you can access it, and the tax implications.
Updated October 2026Built and checked by MaverickHow it's calculatedReport an error
Net received
$50,000
tax-free at 60+
Withdrawn
$50,000
max $350,000
Tax owed
$0
on taxable component
Balance after
$300,000
remains in super
From 60, withdrawals from a taxed fund are tax-free. Before then, the taxable part of a lump sum is taxed at up to 22%, including the Medicare levy.
What you take out vs what stays invested vs what goes to tax.
You can usually only take money out of super once you've reached preservation age and retired, or turned 65. The rules, called conditions of release, have a few exceptions: severe financial hardship, compassionate grounds, the First Home Super Saver Scheme and terminal illness. This works out what you could take out and the tax on it.
Across 50 MySuper products, the typical return over the ten years to 30 June 2026 was 8.0% a year after fees and tax, and the typical fee on a $50,000 balance was $408 a year, from APRA's data.
Margaret is 63, has fully retired, and wants to withdraw $100,000 from her $450,000 super balance.
As Margaret is over 60 and has retired, her entire $100,000 withdrawal is tax-free. She can take it as a lump sum, income stream, or combination. The remaining $350,000 stays invested in super.
Jack, 28, has salary sacrificed $30,000 into super over 3 years to save for his first home.
Under the FHSS scheme, Jack can have 85% of his salary-sacrificed contributions released ($25,500, after the fund's 15% contributions tax), plus deemed earnings. The release is taxed at his marginal rate including the Medicare levy, less a 30% offset: in the 30% bracket that leaves about 2%.