There are three types of benefits:

• Preserved
• Restricted non-preserved
• Unrestricted non-preserved

Preserved Benefits

The preserved amount is that part of your benefit which by law must be kept in a superannuation fund until you meet a conditions release.

These include (but are not limited to) where you:

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

 

Your date of birth	Preservation 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 received contributions from your employer prior to 1 July 1999, you may have benefits which are referred to as restricted non-preserved.

The restricted non-preserved amount (if any) is the part of your benefit that is payable in cash on ceasing employment or upon attaining age 65. Your benefit will then become un-restricted non-preserved.

Unrestricted Non-Preserved Benefits

You can access unrestricted non-preserved benefits and withdraw them from 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 PDF Form below.

Benefit payment instruction Form