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If an account has been established for you in accordance with instructions received in a court order or an agreement with your former partner who is a Mercy Super member, you can make a cash withdrawal (if eligible) from your account or rollover part or all of your super to another super fund.

You can also choose to leave your entitlements in the Mercy Super account that has been established for you – the choice is yours.

Confirmation of entitlement

If you’re looking to withdraw your Mercy Super entitlements established as part of a family law arrangement, you will need to provide us with the details of your former partner’s Mercy Super account details to help us validate the entitlements.

NOTE: If you want to retain your benefit with Mercy Super, you don’t need to complete the Family law payment instructions form (an account will be automatically set up for you as part of the split 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.

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 to 30 June 1961 56
1 July 1961 to 30 June 1962 57
1 July 1962 to 30 June 1963 58
1 July 1963 to 30 June 1964 59
1 July 1964 or after 60

Provide proof of Identity and copy of bank statement

If you’re eligible and are looking to make a cash withdrawal from your super, you will need to provide certified proof of your identity along with a copy of your bank statement to demonstrate that the account receiving the payment is in your name along with your completed Family law payment instructions form.

This is to make sure the instructions are coming from you and any payment is being made to a bank account in your name.

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).

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