NTGPASS retained accounts
An NTGPASS retained account is a low cost superannuation account. Features include:
You can open an NTGPASS retained account for your spouse.
You can consolidate your superannuation by rolling over funds from other superannuation funds into your retained account.
Non-concessional contributions (from your personal after-tax income) can be made to your retained account. Please note that the Commonwealth Government has set annual limits on non-concessional contributions.
Non-preserved benefits can be accessed once in a 12-month period. The minimum withdrawal is $5000 or the entire amount if the balance is less than $5000.
Investment returns are applied to retained accounts at the same rate as contributing NTGPASS members. Current rates are published on our website.
Annual member information statements
Access to low cost account based pensions.
An annual account keeping fee of $52 is charged to cover administration costs associated with the running of the fund. Fees accrue on a pro rata basis throughout the year and are deducted from your accumulation account at the end of each financial year, or when your account is closed.
Members with low account balances are covered by member protection legislation. Member protection means that members with an account balance of less than $1000 are not charged more in account keeping fees than the investment return on their account.
Please note that concessional contributions i.e. employer contributions and salary sacrifice cannot be accepted into your retained account.
In accordance with Commonwealth Government superannuation legislation, you cannot access any preserved superannuation monies until you meet a condition of release. Conditions of release include, but are not limited to: permanent retirement from the work force after your preservation age, or on the grounds of invalidity, or, your death.
Death and invalidity benefits
Please be aware that your entitlement to additional death and invalidity benefits ceased to be available from your exit date and are not available in the NTGPASS retained account or account based pension. The benefit payable in the event of your death or invalidity is the balance of your retained account.
Spouse Account Application Form
Spouse Contribution Form
Personal Contribution Form
Benefit Claim Form - Retained Benefit