Superannuation is a long-term investment. Government rules restrict when you can access your benefits. ‘Preserved Benefits’ which include contributions to this Fund plus interest earned, can be paid to you when you:

-     have reached age 65;
-     have reached your preservation age (see table below) and have permanently retired;
-     leave gainful employment on or after age 60;
-     die or become permanently incapacitated;
-     suffer severe financial hardship or are eligible for ‘compassionate grounds’ as defined 
      in superannuation legislation;
-     end gainful employment with a sponsoring employer who is contributing on your behalf 
      and your account balance is less than $200 at that time; or
-     are a temporary resident and depart Australia permanently.

Any ‘restricted non-preserved benefits’ that have been rolled over to the Fund can be paid out when you cease employment with your employer who is contributing to this Fund on your behalf.

Benefits classified as ‘unrestricted non preserved’ that have been rolled into the Fund from a previous fund can be paid to you at any time.  

Preservation Age   

Example:
If you were born 1 September 1963 and have retired permanently, your benefit can be paid to you when you reach age 59.


When must we pay your benefits 
 

By law, we are obliged to payout your benefit to your nominated beneficiary upon notification of your death.

The following table summarises how your retirement, death, or TPD (Total and Permanent Disablement) benefit is calculated, when it is payable and to whom.