SIS Upper Limit

The Superannuation Industry (Supervision) Regulations (SIS) placed certain restrictions on the amount of cash lump sum that can be paid to members who are not permanently leaving the workforce, or have not reached their preservation age.

If you are not permanently retiring from the workforce or have not reached your preservation age, any cash lump sum paid to you cannot exceed your SIS Upper Limit. This is the cash amount you would have received if you had been involuntarily retired (retrenched) on 1 July 1999.

Any CSS lump sum amount that exceeds the SIS Upper Limit must be rolled over into a rollover fund.