Superannuation is a long-term investment and the government has placed restrictions on when you can gain access to benefits. 

Your Benefits

Your benefits in LESF comprises contributions, any transfer or rollovers, investment earnings and the proceeds from any insurance claims, less than fees and charges.

In general, your benefits fall into one or more of the 3 types:

Preserved benefits

These benefits can only be accessed when you meet a condition of release, such as:

  • reaching your preservation age (see below table),
  • reach age 65,
  • death or permanent incapacity,
  • terminal illness,
  • severe financial hardship, or
  • temporary resident departing Australia.

Visit Accessing Your Super Benefit section on ATO website for the full list.

Generally all contributions made from 1 July 1999 are preserved benefits.


Date of birth

Preservation age

Before 1 July 1960


From 1 July 1960 to 30 June 1961


From 1 July 1961 to 30 June 1962


From 1 July 1962 to 30 June 1963


From 1 July 1963 to 30 June 1964


On 1 July 1964 or after




Restricted Non-Preserved

These benefits include all contributions made from 1 July 1983 to 30 June 1999, and can be only accessed if you satisfy a condition of release as above. In addition, where you terminate your employment with an employer who had contributed on your behalf, these benefits can be accessed at any time.

Unrestricted Non-Preserved

These benefits can be paid to you at any time upon request

Tip: check your annual member statement to find out how much you have in preserved, restricted non-preserved or unrestricted non-preserved benefits.

Super withdrawal options

When you retire, you can receive your super benefits as a pension (super income stream), or as a lump sum. 

LESF Pension

You can convert your superannuation and savings into a low cost retirement pension. LESF Pension offers both Account-Based Pension and Transition to Retirement Pension. Call our Member Service Team on 1800 359 686.

Lump Sum Withdrawal

If you choose to take your super as lump sum, please advise us by completing the Benefit Payment Form and supply the requirement documents.