How do I access my military super?
To apply for early release of super on compassionate grounds, you must first apply to the ATO. If the ATO approves your application, you will then need to complete the Early Access (specified compassionate grounds) form and send this to us with a copy of your approval letter.
What Super does ADF use?
From 1 July 2016 all new members of the ADF joined the new ADF Superannuation Arrangement (Arrangement). The Arrangement comprises: Employer contributions of 16.4% Choice of superannuation fund (members able to join any complying super fund)
How much super does ADF pay?
In addition to your salary you'll receive a variety of allowances, extra pay for relevant qualifications – plus 16.4% superannuation, a far higher rate than you're likely to find in the civilian world.
Is military super A defined benefit scheme?
Military Super is the Military Superannuation and Benefits Scheme (MSBS), established under the Military Superannuation and Benefits Act 1991. It is a partly funded, defined benefit superannuation scheme.
Is the Msbs pension for life?
MSBS (Military Super)
If you are an MSBS member, your benefit will consist of a lifetime indexed pension (employer component) based on your final average salary and years of service.
When can I access my Msbs super?
Can I transfer my military super to another fund?
Can I rollover the benefit? You can rollover the benefit at any time, even before you leave the Defence Force. Note that access to the benefit from the rollover institution will be subject to the same preservation conditions as outlined above.
Can I access my military super?
Super is designed to provide income for you when you retire—that's why it's generally not accessible until you reach your preservation age. However, it is recognised that in some situations you may need to access your super early.