Other membership options
When leaving ACC some of the rules around access to your retirement savings change, opening up some options to you around where you keep them. One option to consider is whether you want to stay a member of mysuper, or not. It’s an easy thing to do and provides you with these benefits.
Lower fees
As you’ll already know, mysuper is not for profit, so we only charge you what your account costs to manage, nothing more. Although you can longer contribute, why not continue to pay lower fees on your retirement savings you have in your account with mysuper.
When you first joined your mysuper account balance would have been rather low, so fees may not have been as important to your decision making. But what about now? With more retirement savings in your mysuper account to consider, the reality of moving your investment could see this change quite dramatically, boosting another KiwiSaver scheme profit share, rather than yours.
Learn more about mysuper fees here
Continue receiving investment returns
Why not continue to have your existing investment strategy applied to your mysuper account balance each month like you do now. The mysuper investment funds are consistently performing in the top 3 of all KiwiSaver Funds, whilst charging lower fees. That’s more for you.
And should you want to change your investment strategy at anytime you can - simply log into your account to request the change. It’s important to note costs are associated with investment strategy changes, but that applies to all members.
Voluntary contributions
Contributing one you've left ACC is currently limited. You can find out what rules apply here.
Insurance personal continuation
If you added on the optional mysuper life and income protection insurance as an active member, it will stop once you leave ACC. But, if you want to continue the cover yourself you can. It's up to you. Simply talk to our insurance experts about a personal continuation before you leave - insurance@mysuper.co.nz .
Making withdrawals from your mysuper account
When you leave ACC a few things change in relation to accessing your mysuper retirement savings. The main one has to do with unlocked retirement savings. Once you leave ACC you are able to request their withdrawal to reinvest as you like.
If you stay* with mysuper when you leave ACC you are able to make this type of request up to four times per financial year (1 July to 30 June) at no cost, using this form . Some rules do apply.
* Only mysuper members who decide to keep their retirement savings in mysuper when they leave ACC are able to make this type of request. Please note withdrawals from your mysuper account if you are still employed by ACC are not available to you.
How to stay in mysuper if you are leaving ACC?
Should you decide to leave ACC but want to stay a member of mysuper simply complete our Stay in mysuper form. We will then update your member profile, so your personal details can be updated and we can adjust what access you have to your retirement savings. It's easy.
