AMP has experienced a spike in the number of financial adviser queries regarding early access to superannuation.
Analysing the more than 2000 calls received by the team in February, AMP said there was a significant rise in the number of advisers looking to better understand the conditions that must be met to allow for early access.
"In particular, many Australians don't realise they can access super early if they change jobs between the ages of 60 and 65, even if they continue working in a new job," AMP technical strategy manager John Perri said.
"However, super benefits can be accessed as a tax-free lump sum during this period, or used to commence a retirement income stream, which receives both a tax exemption on earnings, and has no maximum pension restriction."
It may be more flexible and tax efficient than using a transition to retirement (TTR) pension, he added.
Such structures do not receive a tax exemption on earning and have a maximum income payment of 10% of the account balance, Perri explained.
"The key insight is if someone changing jobs on or after age 60, it may be an opportunity to consider accessing your super.
"However, it's important that people fully understand the policy and carefully consider the potential impacts on their super before they decide to access it."
Related issues raised by advisers on behalf of clients include understanding how TTR pensions, super death benefits, and total and permanent disability insurance inside super works.