Remember, limited services apply from 22 April ahead of the APSS merger with Australian Retirement Trust on 30 April.

There’s no requirement for you to leave the APSS, ever. When you cease employment with Australia Post or an Associated Employer (or cease to be eligible to remain in an APSS Spouse Account), your APSS membership can continue by:

  • Transferring benefits to an APSS Rollover Account; or
  • Taking a retirement benefit in the form of an APSS Pension (if eligible).

Go to fact sheetsOpens in new window to download our Leaving Employment fact sheet for more details. 

What happens when I leave employment?

Once your employer notifies the APSS that you are leaving your job and provides the APSS with all the necessary information, you will be sent an estimate of your APSS Defined Benefit and any Member Savings you may have. Your estimate will be sent to you, together with a Make a Benefit Payment Direction form, which you will need to complete and return within 60 days in order for the APSS to act on your instructions.

During this period, your APSS Defined Benefit will be invested in the Cash investment option, and any Member Savings you have will be invested in the same investment option(s) as applied to those Member Savings when you left employment.

Importantly, upon ceasing employment, you will also cease to have insurance cover in case of Death or Total & Permanent Disablement (TPD).

APSS Rollover Account

If you do not provide the APSS with any instructions about what you want to do with your super, your total benefit will be transferred automatically to an APSS Rollover Account around 60 days after the APSS writes to you. This ensures your APSS membership continues for as long as you would like it to.

If this happens, the balance of your Defined Benefit will be invested in the default Balanced investment option. Any Member Savings you have will be invested in the same investment option(s) as applied to those Member Savings before the transfer.

From the date your new APSS Rollover Account is opened, you will start to pay administration fees, and if eligible, receive and pay for a default amount of insurance cover for death, total and permanent disablement (TPD) and terminal illness, with the flexibility to either apply for more cover, or cancel your cover by opting out. You can change your insurance and investment option(s) at any time. Although insurance cover may commence in your new APSS Rollover Account, please be aware that it could provide a lower level of cover than is/was provided for you before leaving employment and exclusions may apply.

You can of course apply within those 60 days to set up your new APSS arrangements sooner and/or to customise your new membership. To do this, you will need to complete two forms: the Open an APSS Rollover Account form (which is included in the Product Disclosure Statement for Spouse and Rollover Members) as well as the Make a Benefit Payment Direction form that will be sent to you when you’re eligible to apply.

For details on how your new APSS Rollover Account would work, including all fees and costs, insurance options and other choices, please download the Your Member Savings PDS for Rollover and Spouse members and its accompanying Guide to your Member Savings.

APSS Pension Account

If eligible, you may have the option to use an  APSS Pension to continue your membership.

Still want to leave?

Your alternatives to continuing your APSS membership are to:

  • Transfer benefits to another superannuation fund.
  • Take the benefits in cash (if eligible under preservation rules).