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Pension Summary

Summary NSF Super Pension NSF Super Pre-Retirement
Pension (transition to retirement)
Minimum
opening
balance
$10,000 $10,000
Who can join

♦ People who have permanently retired on or after reaching age 55;
♦ People who have stopped working for an employer on or after reaching age 60; or
♦ People who are age 65 or over

People who are age 55 and over and still working; but are not yet 65

Payment
frequency
-
how often
pension
payments are
made

You can choose to have your pension paid fortnightly, monthly, quarterly,
semi-annually or yearly to your nominated bank account/s
Making extra
lump sum
withdrawals
You can make a lump sum withdrawal (commutation) request at any time, for any amount Under government legislation, lump sum withdrawals cannot be made until you permanently retire or reach age 65
How much you
can receive
from your
pension
account
You can choose how much you
receive from your pension account,
as long as it is at least the minimum limit set by government legislation
You can choose how much you
receive from your pension account,
as long as it is within the minimum
and maximum limits set by government legislation
Making
contributions
into NSF Super
You cannot make additional contributions to your pension account;
however, you can maintain or open a separate super account in NSF
Super's Employer Sponsored or Personal Divisions to receive employer or personal contributions
Insurance cover The NSF Super Pension Division does not offer insurance cover. Insurance cover is only offered in NSF Super's Employer Sponsored and Personal Divisions
How your
pension
account will be
invested

If you wish to make an investment choice, you can choose how your
pension account will be invested, from the following options:

NSF Cash, NSF Prudent, NSF Diversified (Default), NSF SRI / Ethical,
NSF High Growth

If you don't make an investment choice, your pension will be invested in
the Default option.

All investment options (including the Default option) come with the tailored Cash Top-up facility for pension members, to meet both short-term income and long-term growth needs, which works as follows:

♦ An amount equal to the first two years' of your nominated pension
payment amount will initially be switched to the NSF Cash option from the Default option or your selected investment option/s
♦ Each year, on the anniversary of the commencement of your pension, an additional amount will be switched to the NSF Cash option as a Cash Top-up, to ensure that an amount equal to two years' of nominated pension payments is held in cash
♦ Your pension payments will be deducted from the NSF Cash option
(unless exhausted)

Unless you opt-out from the Cash Top-up facility, this will be put in place
as the default arrangement

Join Now

Become a member of NSF

Click here for more info

Contact NSF Super

Phone:
1800 025 241


Fax:
1800 839 774

 

Email: enquiries@nsfsuper.com.au

242 Pacific Hwy
(PO Box 42)
Charlestown NSW 2290

Online Enquiry

Calculator

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