Withdrawal - UniSuper

1 Sheet and formWithdrawalWho is this fact sheet for? UniSuper members who want to make a full or partial lump sum Withdrawal from their : If you re in Australia on a temporary resident visa, you can t use this form to make a lump sum Withdrawal . Please call us on 1800 331 685 for more this fact sheet covers This fact sheet explains how to make a full or partial lump sum Withdrawal from your super . When can you make a Withdrawal ?The Government has placed restrictions on when you can access your super . Generally, your super must remain in the super system until you permanently retire from the workforce on or after reaching your preservation age. Your ability to make a lump sum Withdrawal from your super depends on its preservation status. Under the preservation rules, your super is made up of the following three components: A preserved benefits A restricted non-preserved benefits, and A unrestricted non-preserved benefitsYou can withdraw all or part of your preserved benefits as a lump sum if you meet a condition of release, which includes.

2 A permanent retirement from the workforce on or after reaching preservation age (see table opposite) A termination of employment after reaching age 60 A reaching age 65 A death A suffering permanent incapacity, or A termination of employment with an employer who contributed to UniSuper where the benefit is less than $ preservation age depends on when you were DATE OF BIRTHPRESERVATION AGEB efore 1 July 1960551 July 1960 30 June 1961561 July 1961 30 June 1962571 July 1962 30 June 1963581 July 1963 30 June 1964591 July 1964 or after60 You may also be able to withdraw all or part of your preserved benefits early in certain limited circumstances provided you satisfy the eligibility criteria. These include specified compassionate grounds, severe financial hardship or if you re suffering a terminal medical condition. If you want to make a Withdrawal on these grounds, don t use the Superannuation Withdrawal form please contact us for more non-preserved benefitsYou can withdraw all or part of your restricted non-preserved benefits when you terminate employment with an employer who contributed to UniSuper on your behalf, or if you meet a condition of release as set out in the Preserved benefits non-preserved benefitsYou can withdraw all or part of your unrestricted non-preserved benefits from your accumulation account/component at any ll find more information on the preservation components of your benefit in your most recent Benefit Statement.

3 For more information on when you can withdraw your super , refer to your product disclosure statement or call rules for certain Defined Benefit Division (DBD) membersRestrictions are imposed under the Fund s governing rules which limit when a DBD member can access their defined benefit component. Generally, if you re a DBD member, you can only withdraw all or part of your defined benefit component if that component consists entirely of unrestricted non-preserved benefits. Generally, if you withdraw all or part of your defined benefit component, you ll cease to be a DBD member. Any remaining defined benefit component will be converted into an accumulation benefit and transferred together with your accumulation component to an Accumulation 1 account. Any future employer and member contributions will be made into the Accumulation 1 account. Different rules apply for requests to withdraw benefits on the grounds of severe financial hardship or approved compassionate grounds.

4 Temporary resident membersIf you re a temporary resident and a not an Australian citizen, New Zealand citizen or permanent resident, or holder of a 405 or 410 retirement visa, your benefit can generally only be accessed if: Ayou have a terminal medical condition Ayou re temporarily or permanently incapacitated Ayou die, or Ayou ve departed Australia permanently and your visa has been you leave Australia, you can claim your benefit directly from UniSuper . We re required to pay any benefit you haven t claimed to the Australian Taxation Office (ATO) if it s been at least six months since the later of the following: A you departed Australia, and A your visa expired or was your benefit has been paid to the ATO, you must claim your benefit directly from the ATO. Call us on 1800 331 685 for more your tax file number (TFN)Please read the important information about providing your tax file number at You can also request a copy of that information, free of charge, by calling 1800 331 lump sum withdrawals If you make a partial lump sum Withdrawal , you must leave a minimum balance of $5,000 in your account.

5 If the amount requested doesn t allow for you to retain a minimum account balance of $5,000, we ll process your Withdrawal and retain $5,000 in your to foreign bank accountsAll lump sum withdrawals paid into a foreign bank account will be paid in local currency unless otherwise on lump sum withdrawalsIf you re under age 60, tax will be deducted from your lump sum Withdrawal before payment is made. If you don t provide your TFN, tax will be deducted from the taxable component of your Withdrawal at the highest marginal tax rate plus the Medicare lev y. For more information about tax on withdrawals, go to information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial information is current as at April 2018 and is based on our understanding of legislation at that date.

6 Information is subject to change. To the extent that this fact sheet contains information which is inconsistent with the UniSuper Trust Deed and Regulations (together the Trust Deed), the Trust Deed will by: UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No. 235907 on behalf of UniSuper Limited the trustee of UniSuper , Level 1, 385 Bourke Street, Melbourne Vic : UniSuper , ABN 91 385 943 850 Trustee: UniSuper Limited, ABN 54 006 027 121, AFSL 492806 Date: April 2018 UNIS00F105 a partial or full rolloverIf you want to rollover part or all of your benefit to another complying super fund, you must complete the Portability and rollover of retired It s important to be sure you meet the definition of retired before applying to withdraw your super . The regulations applying to super specify that retired means you re no longer employed (either on a full-time or part-time basis), and don t intend to work again for more than 10 hours per week or that after reaching age 60, an arrangement in which you were gainfully employed has terminated.

7 We re unable to release your super if your situation doesn t meet this times we might need to contact your employer to verify that you re due to cease or have ceased work for example if we re still receiving employer contributions to your account, or you ve lodged your Withdrawal form before retiring. If you re not sure whether your work arrangements meet the definition, please call us before lodging your application. Check your insuranceYour insurance may be affected by making a Withdrawal . Please check the Insurance in your super booklet or call us for more OF IDENTITYWe re required by law to verify your identity. You can quickly and easily prove your identity online you ll know as soon as your identity gets verified. Log in to your account at and go to Verify your identity under the Manage account , you can attach certified copies of proof of identity documentation to this form. Please expect delays if you provide incorrect ll find details about which documents can be accepted in the Your guide to proof of identity fact page has been intentionally left sheetYour guide to proof of identityWe take looking after your retirement savings very seriously which is why you need to prove your identity (ID) before making withdrawals or other important changes to your account.

8 You can prove your ID in two ways: Ado it yourself via MemberOnline, or Asend us certified copies of your your identity onlineProving your identity online is quick and easy you ll know as soon as your identity gets verified. Log in at to get started. Only Australian residents with Australian documents currently living in Australia can verify their identity through MemberOnline. You ll need to provide the details of two to four of the following current and valid government-issued IDs: AAustralian passport AAustralian visa AAustralian driver licence AMedicare documents you use must contain your date of birth, given name(s), surname and residential address. Make sure you ve updated your current personal details with relevant government agencies before you begin the process of verifying your identity online. We use online government and public databases to securely and confidentially verify your identity. Send us certified copies of your IDYou can also send us certified copies of your ID.

9 The following guide explains the types of documents we can accept and how to ensure they re correctly US TO VERIFY YOUR IDENTITYIn some cases and on some of our forms, we can verify your identity on your behalf if the document(s)you provide haven t been certified correctly or can t be read. All you need to do is give us consent by ticking the box on the applicable form and we ll try to verify your identity electronically using those documents. We ll let you know if the process wasn t successful. Why provide your TFN?Giving us your tax file number (TFN) means we can process rollover and transfer requests to another super fund without additional proof of identity. If your TFN can t be validated, or you want to transfer to a self-managed super fund or organise a benefit payment, you ll still need to give us certified copies of your to provide your TFN 1: COLLECT ACCEPTABLE DOCUMENTSWe ll accept either one document from List A or two documents from List AA CERTIFIED COPY OF A: Acurrent driver licence Acurrent passport (Australian passports that haven t expired more than two years ago are also acceptable)LIST BA CERTIFIED COPY OF A: Abirth certificate or birth extract AAustralian citizenship certificate Aa pension card issued by Centrelink that entitles the person to financial benefits.

10 AND: ANotice of Assessment from the Australian Taxation Office (less than 12 months old) containing your name and residential address Aletter from Centrelink regarding a government assistance payment Arates notice from local council (less than 12 months old) containing your name and residential address Aelectricity, gas or water bill dated within the past three months that contains your name and residential address. information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser. This information is current as at November 2017 and is based on our understanding of legislation at that date.