Accessing your benefit

MilitarySuper benefits

Your MilitarySuper benefit is made up of a Member Benefit, an Employer Benefit and, depending on your circumstances, an Ancillary Benefit.

Log in to CSC Navigator to access your Annual Statement and see the balance of these components.

About MilitarySuper Member and employer contributions

Daily unit price

The Member and Ancillary portions of your MilitarySuper payout are impacted by the daily unit price of the later of:

• the day after you separate; and
• the day after your completed application (with all required information for processing) is received.

For more information about daily unit prices read How we perform.

If you are a contributing member

• Convert your Employer Benefit to a lifetime indexed pension

  You may convert 50-100% of your Employer Benefit to a lifetime indexed pension from age 55 and if you have separated from the ADF. The balance of your Employer Benefit that isn’t converted to a pension can’t remain in the fund and will be paid as a lump sum. This lump sum will be subject to cashing restrictions, and some or all of it may need to be rolled over to another fund.

  This option is not available to members with a compulsory retirement age of less than 55.

• Claim as a lump sum

  You may claim a lump sum of your Member, Ancillary and/or Employer Benefits. This lump sum will be subject to cashing restrictions—some or all may not be able to be paid as cash and will need to be rolled over. 

• Preserve your whole benefit

  You may preserve your whole benefit in MilitarySuper and take your Employer Benefit later as either a lump sum, an indexed lifetime pension or a combination of both. Your Member and Ancillary Benefits can only be paid as a lump sum.

  You must claim your Preserved Benefit no later than age 65.

  While your benefit is preserved, your Member, Productivity, and Ancillary Benefits are subject to investment earnings—which can be positive or negative—while your employer-financed component is adjusted annually in line with increases in CPI.

• Annual pension entitlement

  To estimate your lifetime indexed pension entitlement you can use our i-Estimator.

  Your annual pension entitlement is calculated by dividing the amount of Employer Benefit you wish to convert by your pension conversion factor. This is based on your age in years and days—on the day you claim your benefit. 

If you are a preserved member

If your benefit is preserved* in the fund, you can act at key intervals.

Retirement milestones

Rollovers

If you are a preserved member—Member and Ancillary Benefits (if applicable) preserved in MilitarySuper may be rolled over to another super fund at any time. 

If you are a contributing member— the Ancillary Benefit (if applicable) preserved in MilitarySuper may be rolled over to another super fund at any time.

If you roll over part of your benefit, it must be paid to another fund.

We will not deduct tax from any amount rolled over to another fund, however the receiving fund will deduct 15% tax from any untaxed component of the rollover.

You can nominate two rollover funds to receive all or part of your lump sum benefit. Ensure your nominated rollover account is active and can receive deposits from other super funds.