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Private Health Fund Premium increases
Most Private Health Insurers have announced that they will be passing on premium increases effective 1 October. This means that any Private Health Fund deductions from your pension will be increased from the first full pay period ending 14 October 2020. Please contact your Private Health Fund insurer for any queries in relation to your premiums.
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COVID-19 early release On 22 March 2020 the Australian Government announced changes to provide financial assistance to Australians to support them through the Coronavirus. Part of this assistance includes temporary early release of superannuation.
Compulsory Preserved Accounts (CPA), Investment 12 accounts and CPA12 accounts are the only RBF account types that are eligible for COVID-19 early release payments. If you are an active contributor to your defined benefit account or hold a Family Law non member spouse entitlement, then you are not eligible for early release, and any approval provided by the ATO will not be valid and RBF will decline your application.
Active members of the Contributory Scheme, the Fire and Ambulance Schemes and our life pensioners are not eligible to access any of their benefit under these arrangements.
For further details on these measures, please click here.
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