If you're a standard UniSaver member, you have the following options on resigning/retiring from the University:
- You can make a full withdrawal of the total balances within the scheme
- Transfer funds to another scheme, or
- Become a deferred member and leave all or part of your funds within the scheme until a later date, which also allows you to make up to four withdrawals a year
If you're a locked in UniSaver member the funds must remain in the scheme or be transferred into a KiwiSaver scheme until you reach at least 65 years of age. The one exception is for the purchase of a first home.
For more information contact the HR Superannuation & Staff Benefits Adviser:
Tel +64 3 479 8274