Make a withdrawal

Partial withdrawals

As a deferred member, you can make a partial withdrawal once each quarter. See 'Regular withdrawals' below if you want to set up more frequent payments. The first partial withdrawal in any 12-month period is free. A fee (currently $39.66) will be charged for the second and any subsequent withdrawal in that same period.

You must maintain a balance of at least $5,000 to remain a deferred member. If a withdrawal reduces the balance in your accounts to less than $5,000 your remaining balance will be paid to you and your membership of UniSaver will cease.

Any withdrawal is subject to the rules about locked accounts (see below).

To make a partial withdrawal, complete a Deferred member partial or total withdrawal form and send it to Mercer.

Regular withdrawals

As a deferred member, you can set up a regular monthly payment from UniSaver to a nominated bank account. A once-only establishment fee (currently $77.33) will be deducted from your account. 

You must maintain a balance of at least $5,000 to remain a deferred member. If a withdrawal reduces the balance in your accounts to less than $5,000, your remaining balance will be paid to you and your membership of UniSaver will cease.

Regular withdrawals are subject to the rules about locked accounts (see below).

To set up a regular withdrawal, Complete a Deferred member regular withdrawal form and send it to Mercer.

Total withdrawal

You can withdraw the total balance of your accounts by completing a Deferred member partial or total withdrawal form and sending it to Mercer. Any withdrawal is subject to the rules about locked accounts (see below).

Withdrawals from locked accounts

You are only eligible to make withdrawals from your locked accounts if you have:

If you are eligible, you can make a partial or total withdrawal from your locked accounts using the Deferred member partial or total withdrawal form. You will need to complete the statutory declaration included on the form.

You can transfer the balance of your locked in accounts to another complying superannuation fund or KiwiSaver scheme at any time. Complete a Deferred member partial or total withdrawal form and send it to Mercer.

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