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When can I access my superannuation?
You can only withdraw your superannuation entitlement in cash under one of the following circumstances:
- you have reached age 65; or
- you have reached age 60 and ceased employment with your current employer;
- you have reached preservation age and have permanently retired from work; or
- you have become permanently incapacitated; or
- you have died; or
- you are a temporary resident, permanently departing Australia
What are my options on leaving employment? (see also)
If you have ceased employment you have the option of either:
- Retaining your superannuation entitlements in the Fund. Your accumulation account will be credited with earnings based on the Fund interest rate each year. Defined benefit members have the option of leaving their benefit as defined benefit or converting it to an accumulation account.
- Transferring your superannuation entitlements to another superannuation fund or retirement savings account.
If you wish to transfer your superannuation entitlement to another superannuation fund contact the Administration Manager to obtain a Transfer Authority Form.
What is my preservation age?
Your preservation age is the age at which you can access your superannuation money in cash on permanent retirement. Your preservation age is determined as follows:
If you were born |
Then your preservation age is…… |
|---|---|
Before 1 July 1960 |
55 |
Between 1 July 1960 and 30 June 1961 |
56 |
Between 1 July 1961 and 30 June 1962 |
57 |
Between 1 July 1962 and 30 June 1963 |
58 |
Between 1 July 1963 and 30 June 1964 |
59 |
After 30 June 1964 |
60 |
How does Leave Without Pay (LWOP) affect my super?
If you are a defined benefit member and, for any reason, you take leave without pay from your employment, you may be able to continue your membership by making arrangements in agreement with the Coal Industry Superannuation Fund and your employer as to the payment of contributions while you are on leave.
Will the Fund accept contributions from other employers?
No. The Fund is a superannuation fund for coal mine workers in Western Australia, generally employees of Premier Coal Ltd and The Griffin Coal Mining Company Pty Ltd.
Can I leave my money in the Fund on leaving employment?
Yes, you can! When you leave Griffin Coal or Wesfarmers Premier Coal, you can leave your benefit with the Coal Industry Superannuation Fund. Your benefit will continue to grow in a retained benefit account.
A Retained Benefit account offers many advantages:
- Option to convert your defined benefit account to an accumulation account
- You continue to have access to the wide range of products and services, such as the Allocation Pension and Spouse account.
- You can transfer your super at any time
What is the Coal Industry Superannuation Fund’s Super Fund Number
(SFN) and Australian Business Number (ABN)
The Coal Industry Superannuation Fund’s Super Fund Number (SFN) is 3272 719 57 and the Australian Business Number (ABN) is 75 305 378 553.
CONTACT DETAILS
- Requesting a form or publication (check out Forms + Publications)
- Subscribing to the CISF SuperNews newsletter
- Sending us an email at CISB@bigpond.com
- Phoning the CISF office on 08 9388 1840
- Faxing the CISF office on 08 9388 3545
- Writing to the CISF at PO Box 492, Subiaco 6904
- Visiting us at 242 Rokeby Road, Subiaco WA 6008
