Accessing your benefit

Subject to meeting a relevant condition of release, you can apply to have deferred benefits paid out of the scheme at any time, either by rollover to another superannuation fund or making a cash withdrawal.

Accessing your benefit under different circumstances

The circumstances under which you access your deferred benefit can affect the benefit your are entitled to. The main time to access your benefit are:

• from age 55
• at or after normal retirement
• at or after age 65
• on the basis of permanent incapacity

You can also access your benefits prior to age 55, by applying to be paid an immediate lump-sum benefit. However, if you decide to withdraw the immediate lump-sum benefit, you will forfeit your right to a deferred pension and spouse or de facto partner and children's benefits will not be payable on your death.

It must also be noted that if you are a NSW public sector senior executive officer who deferred a benefit without ceasing employment, there is no immediate lump sum payable at any time. However, you can elect to have the actuarially calculated transfer value of your deferred benefit rolled over to another superannuation scheme at any time while you remain an executive officer.