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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
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Is there a fee for withdrawing? There are no fees for withdrawing funds from your PSSap account.
A lump sum withdrawal is a cash payment from your super to your bank account. You can request to withdraw a lump sum if youve met certain conditions set by the Government.
You need to contact your super provider to request access to your super due to severe financial hardship. You may be able to withdraw some of your super if you are experiencing severe financial hardship. There are no special tax rates for a super withdrawal because of severe financial hardship.
PSSap is a scheme in which members and employers pay money into the fund, and investment returns are calculated as a compound average rate of return after fees and taxes have been deducted.
You can withdraw your super benefit*: when you permanently leave the workforce on or after age 60 if you retire on or after your preservation age as set out in Table 1 if we have approved your invalidity retirement and certified that you are entitled to receive invalidity benefits under PSSap if you suffer
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People also ask

Each year you can withdraw as much as you like through your account-based super income stream (unless youre receiving a transition to retirement income stream). You must withdraw a minimum amount each year based on your age and account balance.
Preservation age is between the age of 5560, depending on when you were born.
Is there a fee for withdrawing? There are no fees for withdrawing funds from your PSSap account.

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