Departures

Leaving the Plan

If, after you have left service, you do not wish to remain a member of the Plan, you have 90 days from the date of termination to confirm what you wish to do with your benefit.

If we do not hear from you within 90 days your benefit will be:

If you know what you want to do with your benefit please complete the Estimated Superannuation Benefit provided to you and return to the Plan immediately.

If you have not reached your preservation age you are required to rollover your preserved benefit to a complying superannuation plan or an approved deposit fund. Any unpreserved benefits can be taken as cash less any applicable tax if you wish.

If you have reached your preservation age you can take your entire benefit in cash less any applicable tax if you wish or rollover all or part of your benefit to a complying superannuation plan or an approved deposit fund.

The information provided to you is not advice, we do recommend you seek financial advice from a qualified independent financial adviser before making your decision.

 

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