Preserved benefits
All contributions to super made by or on behalf of a member, and all earnings since 1 July 1999, are preserved benefits.
Preserved benefits may be cashed voluntarily only if a condition of release is met. This is subject to any cashing restrictions imposed as part of the condition of release.
Restricted non-preserved benefits
Restricted non-preserved benefits are amounts that can only be accessed after ending the employment to which those benefits relate to. Generally, they stem from either:
- employment-related contributions (other than employer contributions) made before 1 July 1999
- rolled-over termination payments made before 1 July 2004.
Unrestricted non-preserved benefits
Unrestricted non-preserved benefits don't require a condition of release to be met. They may be paid on demand by the member. They include, for example, benefits where a member has previously satisfied a condition of release and decided to keep the money in the super fund.