Gold State Super members can access their benefit from when they turn 55* and are no longer working for the WA public sector, as long as certain circumstances are met.
There may be other circumstances where members are able to access their benefit if under age 55. If eligible, a discount factor will apply. In this case, the Contributory Service Component of a members benefit is subject to a discount factor of 1.75% pa for every year they are under age 55.
*From 1 July 2015, the preservation age will progressively increase for individuals born on or after 1 July 1960. Gold State Super members are still able to access their benefit from age 55, if they have ceased working in the WA public sector, or are working less than 10 hours a week. However, there may be tax implications for accessing your Gold State Super benefit before your preservation age, so you should speak to your financial adviser before taking action.