Fill - Free fillable Early release of super (Australian National University) PDF form

Early release of super

Early release of super | 1 of 8

What do you need to do?

Simply follow the steps below, choosing

the type of early release of super you’d

like to request. You can find financial

hardship details on page 1 and

compassionate grounds on page 2.

What are the tax implications?

We’ll deduct withholding tax from your

balance when we process the payment.

This will be the final tax due.

The rates of withholding tax which

applyare:

Component

Age Tax-rate

Tax-free

Any Tax-free

Taxable

(taxed

element)

< preservation

age

20%

preservation

age to 59

First

$210,000

at 0%

Excess at

15%

Plus Medicare levy.

Your preservation age is:

Date of birth

Preservation

age

Before 1 July 1960 55

1 July 1960 – 30 June 1961 56

1 July 1961 – 30 June 1962 57

1 July 1962 – 30 June 1963 58

1 July 1963 – 30 June 1964 59

From 1 July 1964 60

You can apply for early release of your super on compassionate grounds

or for financial hardship

Financial hardship

Legislation states that a member can

only receive a financial hardship claim

for no greater than a combined $10,000

(including tax) in a single 12 month

period. This amount and time period also

applies to other superannuation benefits

you hold with other financial institutions.

However, if a member has reached their

preservation age plus 39 weeks, the

amount that they may receive after a

successful severe financial hardship claim

is not limited to a specific dollar amount.

Step 1

Check if you may be eligible

You can apply for early release of super if

you meet one of the following criteria:

1. You’re under preservation age and

39weeks and:

– have received Centrelink or

Department of Veterans Affairs

(DVA) benefits continuously for

26weeks before applying and are

still in receipt of these payments at

the time of your application,

and

– satisfy the Trustee that you can’t

meet reasonable immediate

living expenses.

If the Trustee is satisfied, a lump sum

amount of between $1,000 (or the

balance of your benefit if it is less than

$1,000) and $10,000 less fees and taxes

may be paid in any 12 month period.

2. You’re over preservation age and

39weeks and:

– have received Centrelink or DVA

benefits for a total of 39 weeks

since reaching preservation age,

and

– you’re in paid employment for

less than 10 hours a week, or you’re

not employed at all, at the time of

your application.

If you qualify, the Trustee may release

your entire benefit.

Step 2

How to apply for early release

If you receive benefits from Centrelink:

•

complete the Early release of

super form (see page 3), and

•

provide Proof of Identity as set out

on page 8.

If you receive benefits from the

Department of Veterans’ Affairs (DVA):

•

you’ll need to contact the DVA on

133 254 or go to dva.gov.au to obtain

a confirmation you’ve received an

Australian Commonwealth Income

Support Benefit payment for a

continuous period of 26 weeks.

•

check the date on the letter as it’s only

valid for 21 days after issue

•

complete the Early release of super

form (see page 3).

•

attach the original copy of the DVA

confirmation letter, and

•

make sure you complete the Proof of

Identity as set out on page8.

Early release of super | 2 of 8

Early release of super

Compassionate grounds

Step 1

Check if you may be eligible

To check if you’re eligible to access your

super early on compassionate grounds,

go to the Australian Taxation Office’s

(ATO) website at ato.gov.au. Some

circumstances include:

•

medical or dental treatment

•

mortgage assistance

•

modifications to your home and/or

motor vehicle to accommodate

specialneeds

•

care of terminal medical condition, or

•

funeral assistance upon death

of a dependant.

Step 2

Apply to ATO

You’ll need to apply to the ATO

via myGov which is the Australian

Government’s online portal to access

government services. myGov can

be accessed from my.gov.au.

For more information on this,

call the ATO on13 10 20.

The ATO will assess your application and

send you a notification to your myGov

inbox and an approval letter in the mail

advising of their decision. The ATO can

take up to 14 days to do this.

Step 3

Notify MLC

Once you’ve received approval from the

ATO, you’ll need to send us the

documents listed:

•

a completed MLC Early release of

super form (see page 3)

•

original copy of the ATO letter

approving your application.

Proof of Identity – this is additional to

any identity documents you’ve supplied

the ATO (see page 8)

What happens next?

Address your form to:

MLC

PO Box 200

North Sydney NSW 2059

The Trustee will assess

your request

Once we’ve received all the information

requested, your application will be

reviewed and will usually be processed

within five working days.

We’ll mail you a confirmation of the

details of your withdrawal and you can

also find this information by logging

onto mlc.com.au

Any questions?

Speak with your financial adviser or

between 8 am and 6 pm (AEST/AEDT).

NULIS Nominees (Australia) Limited is part of the IOOF Group of Companies, comprising IOOF Holdings Limited ABN 49 100 103 722 and its related bodies

corporate (IOOF Group). This document has been prepared on behalf of NULIS Nominees (Australia) Limited, ABN 80 008 515 633, AFSL 236465 as Trustee of

the MLC Super Fund, ABN 70 732 426 024.

Application for early release of super | 3 of 8

Please read the information about applying on pages 1 and 2 before you complete this form.

We can only accept your request if the form is correctly completed.

Please don’t photocopy this form as it contains unique information to help us process your request quickly.

1. Your account details

Account number

Title First name

Mrs

Miss

Other

Middle name Family name

Date of birth (DD/MM/YYYY) Email

Residential address

Your residential address can’t be a PO Box

Unit number Street number Street name

Suburb State Postcode Country

Email Mobile phone number

Home telephone Business telephone

Postal address

If different to residential address

Unit number Street number Street name

Suburb State Postcode Country

Application for early

release of super

Application for early release of super | 4 of 8

For Sole Traders

If you’re a Sole Trader, please provide the information below.

Business name (if any)

Address of principal place of business (if different to residential address above). We can’t accept a PO Box.

Unit number Street number Street name

Suburb State Postcode Country

Australian Business Number (ABN) (if any)

2. Your tax file number

Tax File Number (TFN) details

Have you previously provided us with your TFN?

Yes

Please go to Section 3

Please write your tax file number in the box provided below.

Tax File Number (TFN)

You don’t have to provide your TFN, and it isn’t an offence if you don’t, however, if you don’t:

• personal contributions will be rejected

• additional tax will apply to employer and salary sacrifice contributions, and

• any withdrawals may be taxed at the highest marginal tax rate inclusive of the Medicare levy.

Your TFN is confidential, and MLC is authorised by tax laws to collect and disclose your TFN under the Superannuation Industry

(Supervision) Act 1993 and Privacy Act. MLC may use your TFN only for lawful reasons, in paying out money, identifying or

combining superannuation benefits. Your TFN may be disclosed to the trustee of another Fund or RSA provider if your benefits are

transferred, unless your request in writing for it not to be disclosed.

3. Your contributions

If you’re invested in a Whole of Life, Endowment or Pure Endowment policy unless we’re advised otherwise, all contributions will be

treated as personal contributions for which you are not claiming a tax deduction.

In the table below, show the contribution type and amount for the current and previous financial years.

Contribution type

Current financial year

1 / 7 / ____ - 30 / 6 / ____

Previous financial year

1 / 7 / ____ - 30 / 6 / ____

Personal contributions $ $

Other contributions

$ $

Employer contributions

$ $

Total contributions

$ $

Application for early release of super | 5 of 8

4. Claiming a tax deduction for personal contributions

Do you want to claim a tax deduction for personal contributions made to your account in the current or previous financial year?

Please go to Section 5.

Yes

Please complete and return a Notice of intent to claim or vary a deduction for personal super contributions form.

Please go to Section 5.

5. Reason for early release of super

Please select the reason you’re applying:

Compassionate grounds

Please complete Section 6

Financial hardship

Please complete Section 7

6. Compassionate grounds

You’ll need to supply the following documents. Please tick to confirm these are attached to this application form, otherwise we won’t be

able to process your request.

Original copy of the Australian Taxation Office (ATO) letter of approval.

Proof of identity as set out on page 8.

Please go to Section 8 to provide your payment details.

7. Financial hardship

A member can only claim a maximum financial hardship claim of $10,000 (including tax) in a single 12 month period. The amount

and time period, as stated in legislation, also applies to other superannuation benefits you hold with other financial institutions.

In the past 12 months, I have not received a financial hardship claim for any of the superannuation benefits I hold.

I’m under preservation age and 39 weeks and I have been receiving benefits for a continuous period of 26 weeks.

I estimate the current weekly income of my family (including my spouse and dependants) plus Centrelink payments to be an

amount of:

$ per week

I estimate the current weekly expenses of my family (including my spouse and dependants) to be the amount of:

$ per week

I’m over preservation age and 39 weeks and I have been receiving benefits for a cumulative period of 39 weeks

after reaching preservation age and I am working less than 10 hours per week.

Note: The Trustee may release your entire benefit.

You’ll need to supply the following documents and information. Please tick to confirm the documents are attached to your application,

otherwise we won’t be able to process your request.

If you’re receiving Centrelink benefits we’ll need:

Centrelink Reference Number

Proof of identity as set out on page 8.

If you’re receiving Department of Veterans Affairs (DVA) benefits, we’ll need:

Original copy of letter of confirmation you’ve received Australian Commonwealth Income support for a continuous period of 26 weeks

if under preservation age and 39 weeks or 39 weeks if over preservation age and 39 weeks.

Proof of identity as set out on page 8.

Please go to Section 8 to provide your payment details.

Application for early release of super | 6 of 8

8. Your payment details

Any tax that has to be paid will be deducted from this amount at the time of payment. Refer to tax rate table on page 1.

Full withdrawal

Part withdrawal

Please specify the amount required

Note: If you’re applying under financial hardship grounds, the maximum allowable benefit in a 12 month period is between

$1,000 and $10,000 (gross). If you’re applying under compassionate grounds, we can only pay you the amount approved

in the ATO letter.

Bank details

Please provide your bank details below. We can only transfer to an Australian bank account in your name or a joint name where you’re

an account holder.

Name of financial institution / bank

Name of account holder(s)

BSB Account number

Please go to Section 9 to sign for your early release of super.

Application for early release of super | 7 of 8

9. Your declaration

I agree:

• If my completed request is received before 3.00 pm AEST/AEDT, it will usually be processed using the unit price for that business day

(which is calculated at the end of the day).

• If my completed request is received after 3.00 pm AEST/AEDT, it will usually be treated as having been received the next business day.

• There are times when NULIS Nominees (Australia) Limited (NULIS) might not be able to process my withdrawal instructions, for

example when:

• there are liquidity issues in the investment

• the fund manager suspends transactions

• we can’t obtain a price

• the instruction is incomplete

• unforeseen circumstances prevent us from using our administration systems, and

• where I have invested into an illiquid option, or an investment option I have has become illiquid, we may take longer than 30 days to

transfer out of the investment option.

If I’m applying for early release of Super on the grounds of severe financial hardship:

• I’m under preservation age plus 39 weeks, and am unable to meet reasonable and immediate family living expenses, or

• I’m over preservation age plus 39 weeks and in paid employment for less than 10 hours a week (or not employed at all) at the time of

this application, and

• NULIS is authorised to confirm my details with Centrelink, or DVA, and confirm whether I have received Commonwealth income

support payments for the relevant qualifying period for early release of my super.

Where NULIS requires confirmation of information from Centrelink or DVA, to process my request, I authorise:

• NULIS to use Centrelink Confirmation eServices to perform a Centrelink enquiry of my customer details, and

• the Australian Government Department of Human Services (the department) to provide the results of that enquiry to NULIS.

I understand that:

• the department will use information I have provided to NULIS, to confirm my eligibility for early release of superannuation on the

grounds of severe financial hardship.

• the department will disclose to NULIS my personal information including my name, date of birth and eligibility status (which will be

based on whether I have been in receipt of Commonwealth income support payments for a specified period and, in some cases, are

still in receipt of these payments).

• this consent, once signed, remains valid while I am a customer of NULIS, unless I withdraw it, by contacting NULIS or the department.

• if I withdraw my consent or do not alternatively provide proof of my circumstances/details, I may not be eligible for early release of

superannuation on the grounds of severe financial hardship.

If I’m applying for early release of Super on compassionate grounds:

Where NULIS requires confirmation of information from the Australian Taxation Office (ATO) to process my request, I authorise:

• NULIS to confirm my details with the ATO and confirm whether I have received approval (from the ATO) for early release of my super

on compassionate grounds.

• the ATO to provide the results of that enquiry to NULIS.

Signature of applicant or attorney

Date (DD/MM/YY)

10. Send us your form and attachments

Please mail your completed form, and any required attachments set out in Section 6 or 7, to:

MLC

PO Box 200

North Sydney NSW 2059

If you have any questions, please speak with your financial adviser, call us on 132 652 Monday to Friday between 8.00 am and 6.00 pm

(AEST/AEDT) or visit mlc.com.au

If signed under Power of Attorney: Attorneys must attach a certified

copy of the Power of Attorney and identification for themselves (go to

mlc.com.au to download the relevant Identification form) if not already

supplied. The Attorney hereby certifies that he/she has not received

notice of any limitation or revocation of his/her Power of Attorney and is

also authorised to sign this form.

Power of Attorney documents can’t be faxed.

Application for early release of super | 8 of 8

Unless you have provided us with current identification, we’ll

need proof of identity to process your cash withdrawal. You can

verify your identification via one of the methods below:

1. Verify your Identity – you can electronically verify yourself

via Verify your Identity on the Personal Details page of your

online account. You’ll need to have a secure site login and

then provide valid passport and/or Australian driver licence

details. Please note: you’ll still be required to submit a

withdrawal form.

2. Sending us certified copies of original identification

documentation (see list below), along with this withdrawal

form, by mail.

Please confirm how you’ve submitted your

identification

I have successfully provided the Trustee with my identification

electronically via Verify your Identity.

Please go to Section 9 to authorise your request.

I have provided the Trustee with identification documentation for

this account, and that documentation is still current.

Please go to Section 9 to authorise your request.

I have not provided identification to the Trustee or I have changed

my personal details (eg address or contact number) in the last

three months.

Please provide the identification required from Parts 1, 2

or 3 below.

Part 1 – Acceptable Primary Australian and

Foreignidentification documents

Provide ONE document from this section.

Note: if you don’t own a document from this section, then

provide documents from either Part 2 or 3:

• Australian State/Territory driver licence containing a

photograph of the person.

• Australian passport (a passport that has expired within the

preceding 2 years is acceptable).

• Card issued under a State or Territory for the purpose of

proving a person’s age containing a photograph of the person.

• Foreign passport or similar travel document containing a

photograph and the signature of the person.

Part 2 – Acceptable Secondary Australian

identification documents

Note: If you haven’t provided an acceptable document from part

1 then provide TWO documents from this section.

Provide ONE from these options:

• Australian birth certificate

• Australian citizenship certificate, or

• Pension card issued by Centrelink.

AND

Provide ONE from these options:

• A document issued by the Commonwealth or a State or

Territory within the preceding 12 months that records the

provision of financial benefits to the individual and which

contains the individual’s name and residential address.

• A document issued by the Australian Taxation Office within

the preceding 12 months that records a debt payable by the

individual to the Commonwealth (or by the Commonwealth

to the individual), which contains the individual’s name and

residential address.

• A document issued by a local government body or utilities

provider within the preceding 3 months, which records

the provision of services to that address or to that person

(thedocument must contain the individual’s name and

residential address).

• If under the age of 18, a notice that was issued to the individual

by a school principal within the preceding 3 months; and

contains the name and residential address; and records the

period of time that the individual attended that school.

Part 3 – Acceptable Secondary Foreign

identification documents

Note: if you haven’t provided acceptable documents from part1

or 2 then provide BOTH documents from this section

• Foreign driver licence that contains a photograph of the

person in whose name it was issued and the individual’s date

ofbirth.

• National ID card issued by a foreign government containing a

photograph and a signature of the person in whose name the

card was issued.

Documents that are written in a language that isn’t English

must be accompanied by an English translation prepared by

an accredited translator.

Who can certify documents?

Chiropractor

Dentist

Legal practitioner

Medical practitioner

Nurse

Optometrist

Patent attorney

Psychologist

Pharmacist

Trade marks attorney

Physiotherapist

Veterinary surgeon

Please refer to the How to Guide for the statutory declaration

signatory list or visit mlc.com.au

Acceptable certification of identification documents.

Each copy of the ID must be certified by the approved

certifier asfollows:

The approved certifier must write:

• Full printed name of the ‘Approved Certifier’ (eg Michelle

Helena Citizen).

• Date the document was certified.

• Signature of the approved certifier.

• The capacity in which they have certified the document,

eg police officer, etc.

• The Registration number (if applicable) of the certifier, and

• The following text:

If single page: I certify that this is a true copy of the original

which I have sighted.

If multiple pages: I certify that this and the following (number

of pages) are true copies of the originals, which I’ve sighted.

Each following page must be initialled and dated.

Proof of Identity

A64535-0421

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