It's all about time
If you retire from the SA public sector at or after age 55 you'll receive a lump sum payment equal to the sum of the following:
There are a number of factors that can effect how your retirement benefit is taxed. See the Tax fact sheet below for more information.
It’s important you are aware that any part of your Rollover Account that was subject to preservation before it was rolled into the Lump Sum Scheme will still be subject to Commonwealth preservation rules. This means that, depending on your age and circumstances, you may have to wait longer to access this portion of your entitlement.
Use the Benefit Projector in the secure member area of this website to estimate your potential retirement entitlement.
Before claiming your entitlement you might want to consider the benefits of investing in the Super SA Flexible Rollover Product or the Super SA Income Stream, so that your money can keep growing as you transition to and throughout your retirement. You should also consider getting some professional financial advice to help you make decisions right for your circumstances.