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Getting money out of super

Termination of gainful employment (preserved amounts)

Section: 12.12

Preserved amounts must be taken as a non-commutable life pension or non-commutable life annuity where a member has terminated gainful employment with an employer who had, or any of whose associates had, at any time, contributed to the regulated super fund in relation to the member.

There are no cashing restrictions for restricted non-preserved benefits under this condition of release (refer to section 12.3).

Last modified: Wednesday, July 24, 2019