Lump sum

How do MilitarySuper retirement rules affect my lump sum?

The main effect is to gradually increase the age at which MilitarySuper benefits can be taken entirely as lump sum from 55 to 60.

You can be paid the employer component of your MilitarySuper benefit as an indexed pension from age 55 but you cannot receive it as a lump sum until retirement. Similarly you cannot be paid that part of your member menefit that accrued after 30 June 1999 (or any of it if you joined after that date) until you reach age 60 (or your preservation age) and retire permanently from the workforce.