Guide to self-managed superannuation funds

Preserved and non-preserved benefits

All contributions made by or on behalf of a member, and all earnings for the period after 30 June 1999, are preserved benefits. Employer eligible termination payments (before 1 July 2007) rolled over into a super fund are also preserved benefits.

Preserved benefits may be cashed voluntarily only if a condition of release is met and then subject to any cashing restrictions imposed by the super laws. Cashing restrictions tell you what form the benefits need to be taken in.

There are two other types of benefits:

• restricted non-preserved benefits - these can't be cashed until the member meets a condition of release. They are generally subject to the same cashing restrictions as preserved benefits.
• unrestricted non-preserved benefits - these don't require a condition of release to be met, and may be paid upon demand by the member. They include, for example, benefits for which a member has previously satisfied a condition of release and decided to keep the money in the super fund.

Self-managed super funds - home

Sections within Accessing your super

• Preserved and non-preserved benefits
• Preservation age
• Conditions of release
• Early access to benefits
• Paying benefits