Fact sheet and form
Withdrawal – Flexi Pension
You can make a full or partial lump sum withdrawal from your Flexi Pension account at any time.
What this fact sheet covers
Who is this fact sheet for?
This fact sheet explains the rules for making a full or
partial lump sum withdrawal from your Flexi Pension
account.
UniSuper members who wish to make a full or partial
lump sum withdrawal from their Flexi Pension
account.
A form is attached to this fact sheet which will allow
you to make a partial or full lump sum withdrawal.
You can make a lump sum withdrawal of $2,000 or more
from your Flexi Pension at any time.
Lump sum withdrawals are usually paid within five business
days of receiving your request into the same account your
pension payments are made.
If you wish to withdraw your entire account balance from
your Flexi Pension, your Flexi Pension account will be
closed. Lump sum withdrawals are deducted from your
Flexi Pension account in proportion to the taxable and
tax-free components of your Flexi Pension. If you are under
age 60 when you make a lump sum withdrawal, tax will be
automatically deducted before the payment is made.
Please note: Lump sum withdrawals can only be made from
a Flexi Pension taken under the transition to retirement
rules in certain limited circumstances. See the Your guide to
pensions — Flexi Pension Product Disclosure Statement for
further details.
This information is of a general nature only and includes general advice. It has been prepared without taking into account your individual objectives, financial situation or needs. Before making any decision in relation to your UniSuper
membership, you should consider your personal circumstances, the relevant product disclosure statement for your membership category and whether to consult a licensed financial adviser.
This information is current as at October 2016 and is based on our understanding of legislation at that date. Information is subject to change. To the extent that this fact sheet contains information which is inconsistent with the
UniSuper Trust Deed and Regulations (together the Trust Deed), the Trust Deed will prevail.
Issued by: UniSuper Management Pty Ltd ABN 91 006 961 799, AFSL No. 235907 on behalf of UniSuper Limited the trustee of UniSuper, Level 1, 385 Bourke Street, Melbourne Vic 3000.
Fund:
Trustee:
Date:
UniSuper, ABN 91 385 943 850
UniSuper Limited, ABN 54 006 027 121
October 2016
UNIS000F58 1016
unisuper.com.au
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Flexi Pension withdrawal form
Further information
If you need further information, or help to complete this form:
SECTION 1 — Member details
Please use BLACK or BLUE BALL POINT PEN and
print in CAPITAL LETTERS. Cross where required
All fields in Section 1 are mandatory. Please ensure you
complete all fields.
email [email protected]
call us on 1800 331 685, or
visit our website at unisuper.com.au
Understanding the risks
You should understand the risks and other implications of selecting
and switching your investment options. Please read the latest How
we invest your money booklet before completing this form. We
recommend that you consult a licensed financial adviser before
making any investment decisions.
Privacy statement
UniSuper recognises the importance of protecting your personal
information and we’re committed to complying with our privacy law
obligations.
We collect your personal information to administer your account,
improve our products and services and to provide you with, and
promote, UniSuper membership benefits, services and products.
You consent to our collecting sensitive information about you,
where collecting that information is reasonably necessary for us
to perform one or more of our functions or activities. We usually
collect personal and sensitive information directly from you,
however, it may also be collected from third parties, such as your
employer.
We may also collect this information from you because we are
required or authorised by or under an Australian law or a court/
tribunal order to collect that information.
If you do not provide this information, we may not be able to
administer your account, or provide you with a product or service.
We may disclose your information to any service provider we engage
(for example mail-houses, auditors, insurers, actuaries, lawyers) to
carry out or assist us to provide your membership benefits, services
and products. This includes overseas entities. Where information
is transferred overseas, we will seek to ensure the recipient of the
data has security systems to prevent misuse, loss or unauthorised
disclosure in line with Australian laws and standards.
Our Privacy Policy contains information about how you may
access any personal information held by us, how to correct your
information and how to make a complaint about a breach of the
Privacy Act. Our Privacy Policy is available from our website at
unisuper.com.au or by calling us on 1800 331 685.
UniSuper Flexi Pension number
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If you are unsure of your Flexi Pension number, refer to your most
recent UniSuper correspondence or call us on 1800 331 685.
Title
Mr
■Mrs ■Ms ■Dr ■Professor ■
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Given name
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Other
Surname
Date of birth (DDMMYYYY)
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What phone number do you want us to call you on if there is a
question we need to ask you regarding this form?
Contact number (during business hours)
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Email address
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Residential address, number and street (not PO Box)
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Suburb/Town
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State ■■■
Country (if not Australia)
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Fund: UniSuper ABN 91 385 943 850 Trustee: UniSuper Limited ABN 54 006 027 121 AFSL 492806
Administrator: UniSuper Management Pty Ltd ABN 91 006 961 799 AFSL 235907
Address: Level 1, 385 Bourke Street, Melbourne Vic 3000 Issue date: January 2017
U N I SF 0 0 0 3 3 1 0 1 6
SECTION 1 — Continued
SECTION 4 — Withdrawal drawdown method
Is your postal address different from your residential address?
Your choice
If you have selected Your choice then select the order of investment
options you want your withdrawal paid from. (e.g. 1, 2, 3 etc)
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No. Go to SECTION 2.
Yes. Please provide your postal address below.
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Postal address, number and street (or PO Box if applicable)
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Suburb/Town
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Postcode ■■■■
State ■■■
Country (if not Australia)
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SECTION 2 — Transition to retirement
Have you taken your Flexi Pension under the Transition to
retirement provisions?
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No. Go to SECTION 3
Yes. You are only permitted to access your unrestricted
non-preserved benefits. (Please refer the Your guide to
pensions — Flexi Pension Product Disclosure Statement
for more information on accessing your pension benefits.)
Australian Bond
Capital Stable
Conservative
Balanced
Diversified Credit
Income
Balanced
S
ustainable
Balanced
Growth
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High Growth
S
ustainable High
Growth
Listed Property
Australian Shares
International Shares
G
lobal Environmental
Opportunities
A
ustralian Equity
Income
G
lobal Companies
in Asia
Once your selections have been exhausted or if your account is invested in more than
one option and you don’t choose how your lump sum payment is paid, your payment
will be deducted from your investment options in the default drawdown order set out
in the Flexi Pension PDS.
SECTION 5 — Member declaration and signature
Please read this Declaration before you sign and
date your form.
SECTION 3 — Withdrawal amount
I declare:
• the information provided on this form is true and correct
• I request and consent to the withdrawal of my benefit as
indicated on this form and authorise UniSuper to give effect
to the withdrawal
• I understand that:
-- Government rules require me to take my pro-rata
minimum pension payments for the financial year before I
can make a lump sum withdrawal in some circumstances
-- if I am under age 60, tax may be deducted from my
withdrawal
• I consent to my personal information being used in
accordance with UniSuper’s Privacy Policy.
The withdrawal amount will be paid to the same
nominated financial institution account as your regular
pension payments are made.
What amount do you wish to withdraw?
$
Cash
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This amount needs to be gross (before tax is deducted).
Minimum lump sum withdrawal is $2,000
SECTION 4 — Withdrawal drawdown method
If you want to make a choice about which investment options
your withdrawal is made from, please select from one of the
following methods (select one option only):
Signature
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Your choice – Withdrawal is drawn from the
investment options in an order nominated by you.
(Please complete the section below.)
Pro-rata – Withdrawal is drawn from the investment
options in proportion to the balance in each investment
option at the time of withdrawal.
If you do not make a choice, then the withdrawal will be
processed in the same way as your pension payments.
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Date (DDMMYYYY)
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RETURN YOUR COMPLETED AND SIGNED FORM:
UniSuper
Level 1, 385 Bourke Street
Melbourne Vic 3000
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