RBF Office Closure
Our Hobart and Launceston offices are now closed. We are still working and we will continue to provide services to our members. The Enquiry Line remains open to take your calls or to book a phone or Skype appointment with a Superannuation Consultant. Any paperwork will need to be mailed to us. Please see our Contact Us page for details.
Health Fund Premium Increase Freeze
If your Health Fund Deduction is taken from your pension, please click here for the latest update.
COVID-19 and changes to superannuation and retirement arrangements
On 22 March 2020 the Federal Government announced changes in support of Superannuation members impacted by COVID-19. We anticipate that these changes will be passed through legislation this week.
Compulsory Preserved Accounts (CPA) are the only RBF account type that will be eligible for these payments. Active members of the Contributory Scheme, the Fire and Ambulance Schemes and our life pensioners are not eligible to access any of their entitlements under these arrangements.
If you have superannuation separate to RBF, then provided you meet eligibility criteria, you may be able to access some of your benefits from those funds under these new rules.
Our understanding is that the Federal Government intends that by mid-April, members will be able to apply through the myGov website www.my.gov.au to confirm eligibility criteria and apply for early access to their funds. Members who satisfy the eligibility criteria will be able to access up to $10,000 of their superannuation this financial year and an additional $10,000 the following financial year.
To be clear, we are not able to take direct applications from our CPA members - this will need to be done through the myGov website.
For further detail, please refer to the Australian Government factsheet - Early Access to Superannuation.
As always, we strongly encourage members to seek advice from a licensed financial planner who is authorised to provide personal financial, superannuation and retirement planning advice that has regard to your personal circumstances.