Retiring

When you reach your preservation age and permanently retire from the workforce, you can claim your benefit.

Your PSSap benefit will be paid to you as a lump sum.

You can use this to purchase a product that provides you with a regular income in retirement. There are a number of retirement income products available on the market.

Before making a decision, we strongly recommend you seek advice from a licensed professional, such as a financial adviser.

Transitioning to retirement

If you have reached your preservation age, you are able to access all or part of your super without having to retire permanently from the workforce.

However, in these circumstances you must use that part of your super you have chosen to access to purchase one of a limited number of types of income stream products. We currently do not offer any such income products. You can source an income product from the market and we will pay your super to the provider of that product at your direction.  

Invalidity retirement

You may be eligible to claim your benefit at any time if we are reasonably satisfied that because of ill-health you are unlikely to ever again be able to work in the job for which you are qualified.

Find out more about your retirement options in our Product Disclosure Statement.

When you are ready to claim your benefit, please contact us.