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Rolling out your benefit

Transferring your super to another complying super fund.

Fund rules differ

Select your fund to view the details

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  • CSS
  • DFRDB
  • MilitarySuper
  • PSS
I don't know my scheme

Note

The content on this page isn't relevant for your selected scheme.

Fund rules differ

Select your fund to view the details

Select fund
  • CSS
  • DFRDB
  • MilitarySuper
  • PSS
I don't know my scheme

What is rolling out?

A rollover is a transfer of existing superannuation from one fund to another, without the money leaving the superannuation environment. Rolling out means transferring your super from PSS to another complying super fund.

Why can’t I roll out my entire benefit?

Specific rules set out how PSS operates, including which components of your benefit can be rolled out and when. Because of these rules, you may not be permitted to roll out your benefit as you wish. Commonwealth Superannuation Corporation (CSC) does not have discretion to roll out your benefit if doing so is against these rules.

What can I roll out?

Depending on your circumstances, you may be eligible to roll out some, or all of your PSS benefit. The following table sets out what can be rolled out and when.

Membership Circumstances Can roll out Conditions
PSS contributor Can roll out any time Post 1995 Transfer Amount Must be the entire amount
PSS contributor Claiming benefit while under Preservation age Post 1995 Transfer Amount

Pre 1996 Transfer Value

Up to SIS upper limit
Must be claiming their entire PSS benefit
PSS contributor Claiming benefit while over Preservation age Post 1995 Transfer Amount

Pre 1995 Transfer Value
Will depend on their benefit choice
PSS contributor Transferring whole benefit Entire benefit as a transfer value to one of 9 eligible super schemes Must be a member due to ‘public employment’, the fund must be the employer’s default fund and be receiving contributions from the employer
PSS preserved Can rollout any time Post 1995 Transfer Amount Must be the entire amount
PSS preserved Claiming the whole benefit Post 1995 Transfer Amount

Pre 1996 Transfer Value

Up to 50% of your defined benefit
While claiming a pension
PSS preserved Transferring whole benefit Entire benefit as a transfer value to one of 9 eligible super schemes Must not have had any prior benefits paid from their PSS benefit accrual
PSS associate Under preservation age Entire benefit Upon reaching age 55
PSS associate Over preservation age Entire benefit or

Up to 50% of your defined benefit
Must be permanently retired while claiming a pension

Please note: Post 1995 Transfer Amounts include co-contributions and Low Income Superannuation Contributions (LISC)

What else can I do?

PSSap Ancillary CSC retirement income

If you’re currently contributing, you can opt out of PSS by making an election to cease being a member. This is a permanent decision that can’t be reversed. You won’t be eligible to re-join the scheme in future. If you’re a preserved benefit member you will have the opportunity to opt out if you re-join the scheme at a later date.

Please note

Opting out will apply to all of your memberships. For more information about opting out, please refer to our Ceasing PSS membership factsheet.

Won’t my benefit be eroded by fees and charges?

CSC does not deduct fees from PSS customers’ accounts. We deduct the indirect costs of investing your super from overall investment returns before determining earning rates. For more information about fees and charges, please refer to our Fees and Other Costs booklet available on our website.

Can I get special consideration?

As the Trustee of PSS, CSC does not have discretion in this matter. CSC can’t authorise the release of your funds unless your circumstances satisfy the requirements of the PSS rules and you meet a relevant condition of release. Common conditions of release include reaching age 65, retiring from the workforce, invalidity retirement, and early release due to invalidity or financial hardship, or on compassionate grounds.

If you’re not satisfied with the information we have provided about rolling out, you may lodge a complaint by sending an email to customer.care@csc.gov.au or by contacting the Australian Financial Complaints Authority (AFCA). AFCA will investigate your complaint, but if CSC’s refusal to rollout your benefit is due to the relevant scheme rules, your complaint may be dismissed. AFCA cannot direct a super fund trustee to rollout a benefit if the member is not yet entitled to that benefit under the scheme rules.

Fund rules differ

Select your fund to view the details

Select fund
  • CSS
  • DFRDB
  • MilitarySuper
  • PSS
I don't know my scheme

What is rolling out?

A rollover is a transfer of existing superannuation from one fund to another, without the money leaving the superannuation environment. Rolling out means transferring your super from CSS to another complying super fund.

Why can’t I roll out my entire benefit?

Specific legislation sets out how CSS operates, including which components of your benefit can be rolled out and when. Because of this legislation, you may not be permitted to roll out your benefit as you wish. Commonwealth Superannuation Corporation (CSC) does not have discretion to roll out your benefit if doing so is against this legislation.

What can I roll out?

Depending on your circumstances, you may be eligible to roll out some, or all of your CSS benefit. The following table sets out what can be rolled out and when.

Membership Circumstances Can roll out Conditions
CSS contributor Claiming your final benefit Transferred Amounts

Excess contributions lump sum

Productivity component

Member and productivity component
Will depend on your benefit choice
CSS contributor Transferring your entire benefit Entire benefit as a transfer value to one of 9 eligible super schemes Must be a member due to ‘public employment’, the fund must be the employer’s default fund and be receiving contributions from the employer
CSS deferred              Claiming your final benefit Transferred amounts

Productivity component

Member and productivity component
Will depend on your benefit choice
CSS postponed or DUP Claiming your final benefit Transferred amounts

Excess contributions lump sum

Productivity component

Member and productivity component
Will depend on your benefit choice
CSS associate Claiming your final benefit Funded component Must meet a condition of release

Won’t my benefit be eroded by fees and charges?

CSC does not deduct fees from CSS customers’ accounts. We deduct the indirect costs of investing your super from overall investment returns before determining earning rates. For more information about fees and charges, please refer to our Fees and Other Costs booklet.

Can I get special consideration?

As the Trustee of CSS, CSC does not have discretion in this matter. CSC can’t authorise the release of your funds unless your circumstances satisfy the requirements of the scheme legislation and you meet a relevant condition of release. Common conditions of release include reaching age 65, retiring from the workforce, invalidity retirement, and early release due to invalidity or financial hardship, or on compassionate grounds.

If you’re not satisfied with the information we have provided about rolling out, you may lodge a complaint by sending an email to customer.care@csc.gov.au or by contacting the Australian Financial Complaints Authority (AFCA). AFCA will investigate your complaint, but if CSC’s refusal to rollout your benefit is due to the relevant scheme rules, your complaint may be dismissed. AFCA cannot direct a super fund trustee to rollout a benefit if the member is not yet entitled to that benefit under the scheme rules.

Fund rules differ

Select your fund to view the details

Select fund
  • CSS
  • DFRDB
  • MilitarySuper
  • PSS
I don't know my scheme

What is rolling out?

A rollover is a transfer of existing superannuation from one fund to another, without the money leaving the superannuation environment. Rolling out means transferring your super from MilitarySuper to another complying super fund.

Why can’t I roll out my entire benefit?

Specific rules set out how MilitarySuper operates, including which components of your benefit can be rolled out and when. Because of these rules, you may not be permitted to roll out your benefit as you wish. Commonwealth Superannuation Corporation (CSC) does not have discretion to roll out your benefit if doing so is against these rules.

What can I roll out?

Depending on your circumstances, you may be eligible to roll out some, or all of your MilitarySuper benefit. The following table sets out what can be rolled out and when.

Membership Circumstances Can roll out Conditions
MilitarySuper contributor Remaining in effective service and the scheme Ancillary benefit Some or all of the benefit
MilitarySuper contributor Retiring over age 55 (on medical grounds) Member benefit

Ancillary benefit
Some or all of the benefit
MilitarySuper contributor Retiring (or being made redundant) at or over age 55 Member benefit

Ancillary benefit

Employer benefit
Some or all of the benefit
MilitarySuper contributor Transitioning under age 55 (including on medical grounds or redundancy) Member benefit

Ancillary benefit
Some or all of the benefit
MilitarySuper contributor Opting out of the scheme Member benefit

Ancillary benefit
Some or all of the benefit
MilitarySuper preserved Under age 55 Member benefit

Ancillary benefit
Some or all of the benefit
MilitarySuper preserved 55 and over Member benefit

Ancillary benefit

Employer benefit
All of the benefit
MilitarySuper associate Can roll over at any time Associate A benefit All of the benefit
MilitarySuper associate 55 and over Associate B benefit All of the benefit

What else can I do?

If you’re currently contributing, you can opt out of MilitarySuper by making an election to cease being a member. This is a permanent decision that can’t be reversed. You won’t be eligible to re-join the scheme in future. If you have a preserved benefit you will have the opportunity to opt out if you re-join the scheme at a later date. For more information about opting out of MilitarySuper, please contact us.

Won’t my benefit be eroded by fees and charges?

MilitarySuper does not deduct fees from customers’ accounts. We deduct the indirect costs of investing your super from overall investment returns before determining unit prices. For more information about fees and charges, please refer to our Fees and Other Costs booklet available on our website.

Can I get special consideration?

As the Trustee of MilitarySuper, CSC does not have discretion in this matter. CSC can’t authorise the release of your funds unless your circumstances satisfy the requirements of the MilitarySuper rules and you meet a condition of release. Common conditions of release include reaching age 65, retiring from the workforce, invalidity retirement, and early release due to financial hardship or on medical or compassionate grounds.

If you’re not satisfied with the information we have provided about rolling out, you may lodge a complaint by sending an email to customer.care@csc.gov.au or by contacting the Australian Financial Complaints Authority (AFCA). AFCA will investigate your complaint, but if CSC’s refusal to rollout your benefit is due to the relevant scheme rules, your complaint may be dismissed. AFCA cannot direct a super fund trustee to rollout a benefit if the member is not yet entitled to that benefit under the scheme rules.

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