Superannuation is a long-term investment and the government has placed restrictions on when you can gain access to benefits.

Your Benefits

Your super benefits in Enterprise Plan comprise contributions, any roll-ins from other super funds, investment incomes, and if approved any insurance proceeds from a claim, less taxes paid, fees and charges. In general, your benefits fall into one or more of the 3 types: Preserved benefits These benefits can only be accessed when you meet a condition of release, such as:

  • reaching your preservation age (see below table),
  • reach age 65,
  • death or permanent incapacity,
  • terminal illness,
  • severe financial hardship, or
  • temporary resident departing Australia.

Visit Accessing Your Super Benefit section on ATO website for the full list. Generally all contributions made from 1 July 1999 are preserved benefits.

Date of birthPreservation age
Before 1 July 196055
From 1 July 1960 to 30 June 196156
From 1 July 1961 to 30 June 196257
From 1 July 1962 to 30 June 196358
From 1 July 1963 to 30 June 196459
On 1 July 1964 or after60
Restricted Non-Preserved These benefits include all contributions made from 1 July 1983 to 30 June 1999, and can be only accessed if you satisfy a condition of release as above. In addition, where you terminate your employment with an employer who had contributed on your behalf, these benefits can be accessed at any time. Unrestricted Non-Preserved These benefits can be paid to you at any time upon request Tip: check your annual member statement to find out how much you have in preserved, restricted non-preserved or unrestricted non-preserved benefits.

Super withdrawal options

When you retire, you can receive your super benefits as a pension (super income stream), or as a lump sum. Lump Sum Withdrawal If you choose to take your super as lump sum, please advise us by completing the Withdrawal Form and supply the requirement documents. Enterprise Plan Pension You can convert your superannuation and savings held into a flexible, retirement income stream with The Executive Superannuation Fund. Visit Planning for Retirement for further information.