Claiming your benefit

 

Making a Withdrawal

How it works

There are three types of benefits - preserved, restricted non-preserved and unrestricted non-preserved.

Preserved benefits

Preserved benefits must stay in your super account until you either:

• reach your preservation age (see table below) and retire
• cease employment on or after age 60 or;
• reach age 65.

Your date of birth	Age
Before 1 July 1960	55
1 July 1960 – 30 June 1961	56
1 July 1961 – 30 June 1962	57
1 July 1962 – 30 June 1963	58
1 July 1963 – 30 June 1964	59
After 30 June 1964	60

You can access your preserved benefits if you:

• have less than $200 in your super account
• suffer from total and permanent disability
• use a Transition to Retirement strategy to open an Account-Based pension
• apply under severe financial hardship or other compassionate grounds
• are not an Australian resident who is leaving Australia or;
• die.

Restricted non-preserved benefits

If you had an arrangement with your employer to contribute super for you prior to 1 July 1999, you may have benefits which are classified as restricted non-preserved. You can only access your restricted non-preserved benefits once you have terminated from the participating employer it was contributed through. Your benefit will then become un-restricted non-preserved.

Unrestricted non-preserved benefits

You can access unrestricted non-preserved benefits and draw them out of your super account at any time.

How to do it

To make a withdrawal from NGS Super based on the above conditions of release, please complete the   Benefit Payment Instruction Form.