Most people want to
withdraw their voluntary contributions in a one - time payment.
If you want to
withdraw your voluntary contributions, you should submit either a Form RI 38 - 124, Voluntary Contributions Election or Standard Form 2802, Application for Refund of Retirement Deductions with the statement in item number seven, «I want only my voluntary contributions to be refunded to me.»
In the 2017 — 18 Budget the Government announced that from 1 July 2018 individuals will be able to apply to
withdraw voluntary contributions made to super after 1 July 2017 for a first home.
On 9 May 2017, the Government announced that from 1 July 2018 individuals will be able to apply to
withdraw voluntary contributions made to super after 1 July 2017 for a first home.
Not exact matches
From 1 July 2017, up to $ 15,000 of
voluntary contributions made over a financial year ($ 30,000 in total) can be
withdrawn to buy your first home.
Under the scheme, you'll be able to make
voluntary super
contributions, within existing
contribution caps, and from 1 July 2017 up to $ 15,000 of those
voluntary contributions made in a financial year can be
withdrawn to purchase your first home.