Family law payment instructions

Eligibility to make a cash withdrawal

Your super is a long-term investment designed to support you in retirement. Because of this, there are strict rules that govern when you can access your super which are known as a condition of release. You are eligible to make a cash withdrawal when you:

• Have reached your preservation age and are permanently retired
• Have reached age 60 or above and stopped working with your employer
• Are aged 65 or over
• Are withdrawing an amount from the unrestricted non-preserved component of your super
• Have been approved for an early release payment on compassionate grounds from the Australian Taxation Office
• Are accessing your total benefit less tax which is less than $200 after ceasing employment with your employer
• Have been approved release due to permanent incapacity or terminal illness

Preservation Age

Your preservation age is generally between 55 and 60, depending on your date of birth. The table below provides your preservation age according to your date of birth.

Rolling over part or all of your super to another fund

To enable us to rollover part or all of your Mercy Super account to another super fund you will need to provide a completed Family law payment instructions form with the following details for the other super fund:

• Fund name and your membership number in the other fund
• Contact address for the other fund
• The Australian Business Number (ABN) and/or Unique Superannuation Identifier (USI) of the other fund, or an Electronic Service Address if you are rolling your super into a Self-Managed Super Fund. If the fund you want to transfer your super to doesn’t have an ABN you will need to contact the Fund directly to request evidence of their complying status, such as their notice of compliance

In addition if you intend to rollover to a registered Self-Managed Super Fund you will also need to provide a copy of evidence of a bank account in your fund’s name (such as a bank statement).