Get Partial Payment Form GESB And West State Super.indd 2020-2023

The process of withdrawing your superannuation is quite a simple one. You will need to go to your super fund's website and under a menu heading such as 'forms and documents' (or similar), you should be able to find a withdrawal form or payment request form (or similar).

You can generally only withdraw your super when you retire. Unless you're 65 or over there are rules around when you can withdraw your super. Key points: The age the Government allows you to withdraw your super is different to the age you can apply for the Government Age Pension, which is 67 years.

You can get your super when you retire and reach your 'preservation age'. This is between 55 and 60, depending on when you were born. Or when you reach age 65, even if you are still working. There are special circumstances where you can access your super early.

Maximum limits A maximum withdrawal limit of 10% applies to a Transition to Retirement (TTR) Income Stream. Maximum payment limits do not apply from a Retirement Income Stream.

To make a lump-sum withdrawal, you need to: Complete and submit a Partial payment form. Withdraw at least $1,000. Keep a balance of at least $1,000 to keep your account open. If you request a payment which would reduce the balance below this amount, your request must be for the whole of the balance.