Preservation fund withdrawal rules
Preservation funds would not be accessible due to emigration or the cessation of a visa, except if the member has not used the one withdrawal option, in which case the one withdrawal could be used to withdraw the total fund value.
- Any retirement benefit transferred to a retirement annuity or a preservation fund (as discussed under point 2 above) will not be accessible due to emigration or the cessation of a visa; and
- If a member has transferred their retirement benefit to an existing retirement annuity or preservation fund, this retirement benefit will not be accessible. However, any other pre-retirement benefits in the funds will be accessible as a withdrawal if the member emigrates or their visa ceases.