Generally, an RSA provider will only pay benefits from your account if you have reached at least age 55 and retired. Benefits may be paid earlier than this on your death, permanent disability or in other circumstances such as severe financial hardship.
Any benefit which is payable on your death will be paid to your estate or you may be able to nominate on the RSA contract a dependant to whom the money will be paid.
Benefits must be paid out from your RSA if you are aged between 65 and 75 and are not gainfully employed on either a full-time or a part-time basis. Benefits must be paid out if you have attained age 75 and are not gainfully employed on a full time basis.
The rules applying to your RSA will tell you whether you can take your benefit in a lump sum or as a pension or annuity.
Your RSA provider or the Australian Prudential Regulation Authority (APRA) on 1300 131 060, can advise you further about access to benefits in your RSA.
From 1 July 2002, people who have entered Australia on an eligible temporary resident visa and who subsequently permanently depart Australia will be able to receive payment of any superannuation they have accumulated. For more information see Departing Australia superannuation payment essentials.
Subscribe
