1. Preserve all your benefits in the CSS until you reach minimum retirement age (generally 55). This will become a deferred benefit which you can:

Take as a CPI-indexed pension and a lump sum of your member and any productivity components. If you are under age 60 and are not permanently leaving the workforce, your productivity component and any member component that exceeds your SIS Upper Limit must be paid into a rollover institution.

Take as a CPI-indexed pension and non-indexed pension purchased with your member and any productivity components.

Or, use your member component only to purchase non-indexed pension and receive any productivity component as a lump sum. If you are under age 60, and not permanently leaving the workforce, your productivity component must be paid into a rollover institution.

Take as a lump sum if you are an ex-Provident Account member and you claim your preserved (deferred) benefit on or after you reach age 60.

2. Take your member component as a lump sum up to your SIS Upper Limit.

Any amount of your member component that exceeds your SIS Upper Limit, plus your Superannuation Guarantee top up and productivity (if any) must be paid into a rollover fund. If you elect for this option, you forego most of your employer-financed component, the major component of your benefit. We recommend that you seek professional financial planning advice before selecting this option.

3. Transfer your entire benefit to another eligible superannuation scheme

You may have the option to pay your CSS
benefit, also known as a transfer value, into
another eligible superannuation scheme.