Australians are required to meet a condition of release under superannuation law before they are allowed to cash preserved benefits, restricted non-preserved benefits or access any of their super. Some conditions of release restrict the form of the benefit or the amount of benefit that can be paid. These are known as ‘cashing restrictions’. The most common conditions of release for paying benefits are that the member: has reached their preservation age and retires has reached their preservation age and begins a transition-to-retirement income stream ceases an employment arrangement on or after the age of 60 is 65 years of age (even if they haven’t retired) has died Retirement is a condition of release, however, depending on a person’s age, they must have stopped working, intend not to work again and have reached their preservation age. Upon the death of..