Contributions and benefits from age 65 to 70

Once you reach age 65 you can choose to exit from the scheme, even if you are still working. You can choose to receive the payment of your accrued benefit immediately, or leave it deferred within the scheme (as a lump sum only) and have it paid to you at a later date.

The deferred lump sum is adjusted for investment earnings and management charges up to the date of payment.

If you exit your current scheme before retirement, your employer will still be required under Commonwealth legislation to pay SG contributions to a scheme on your behalf.

Once you reach age 70, the scheme can no longer accept contributions and you will cease to accrue benefits.