Your superannuation benefit is based on the balance in your super account (after accounting for tax and expenses) and in the event of your death, this is the dollar amount that will be paid to your beneficiaries or legal personal representative.
Generally, you cannot withdraw your super until you retire from the workforce on/or after reaching your preservation age (the minimum age set by law when you can access your super). The current preservation age is between 55 and 60, depending on your date of birth. However, there are limited circumstances where you can access your super early.
A benefit payment will comprise contributions and rollovers, plus net earnings applied, less tax, fees and insurance premiums. In the event of your death, total and permanent disability, or if you have been diagnosed with a terminal illness, an insured amount may also be payable.
For more information on accessing your super please refer to our Member Guide.
For more information or queries on your account call Hostplus on 1300 467 875, Monday to Friday, 8am - 8pm AEST/AEDT.