Leaving ACC
Once you’re a member you have the choice to stay in mysuper even after leaving ACC, keeping your investment options open. You can keep it growing and keep it accessible with unlocked withdrawals. As long as you’re in, your good to go.
Benefits of staying in mysuper
Keep your investment options open with the ability to change your strategy at any time.
Keep enjoying our exceptionally low, not-for-profit fees while you invest.
Keep benefiting from our consistently well-performing funds.
Keep your options open and access your unlocked retirement savings when needed.
Steps to take before leaving ACC
Let us know you’re leaving
If you’d like to stay in mysuper after leaving ACC simply let us know by completing a ‘Stay in mysuper’ form and we’ll update your account.
Adjust your insurance cover
The optional mysuper life and income protection insurance bundle stops once you leave ACC. To continue it personally (not through mysuper) contact our team to discuss before you leave.
What will change once you’ve left ACC
Unlocked withdrawals
If you’d like to make a withdrawal from your unlocked retirement savings once you’ve left ACC, you can. You can request a withdrawal up to four times a year at no cost, and just a few rules apply.
Investment selections
If you’d like to change your investment strategy at anytime you can by logging into your mysuper account dashboard.
Locked retirement savings
Any locked retirement savings in your mysuper account follow the KiwiSaver Act 2006 and can be accessed when you have reached the NZ Superannuation age (currently 65 years). Some rules apply. Please refer to our PDS.
Contributing
Voluntary contributions to your mysuper account are currently limited due to changes in Anti-Money Laundering and Countering Financing of Terrorism Act 2009.
- New regular contribution requests to a members mysuper account are currently suspended until further notice.
- New lump-sum voluntary contributions are now only eligible during leave of absence, with conditions* or for members to ‘top up’ their locked account to receive the maximum Government Contribution (previously called a member tax credit), until further notice.
*During an unpaid period of leave of absence, such as parental leave or study leave, your contributions (and those of your employer) automatically stop. You can make voluntary contributions during this period if you wish, such as to make the minimum contribution to your locked account needed to receive the Government Contribution (member tax credit).
We hope to resolve this soon to provide you with more choices.