Helping members through severe financial hardship

Rest is pleased to announce that members can now access their super when they are experiencing severe financial hardship. This recognises the needs of our members in times of financial distress and is designed to assist your employees at times when they most need it.
 
What is severe financial hardship?

Sometimes individuals go through a tough time in their lives and may find themselves in a situation of severe financial hardship. Depending on their personal situation, when they can’t meet reasonable and immediate family living expenses, they may be able to access some of their super.
 
Why have we changed our policy?
 
At Rest, we understand that super is for the long term and are aware of the impact that early withdrawals can have on member’s retirement balances. However, after listening to our members, many of which come from less advantaged backgrounds, we know how much of a difference this can make. Our decision to help members access their super under critical circumstances, truly speaks to our desire to support them through every stage of their life, including their retirement.
 
What does this mean for your employees?

Employees who are members of Rest experiencing severe financial hardship and meet the eligibility criteria can now apply to withdraw between $1,000 and $10,000 from their Rest account in any 12-month period. There may be no withdrawal limitations where a member has met certain age and eligibility criteria. In both scenarios, employees can expect to receive the funds in just a few days to help them in their time of need.
 
We’re here to help your employees
 
If your employees need more information about financial hardship, they can contact us on Live Chat or call us on 1300 300 778 from 8:00 am to 10:00 pm AEST/AEDT.




 
As we have not taken into account your circumstances, please consider whether this information meets your needs. Go online for a PDS to consider before deciding.  This information is provided by Retail Employees Superannuation Pty Ltd ABN 39 001 987 739 as trustee of Rest (Retail Employees Superannuation Trust ABN 62 653 671 394).
 
The cost of providing financial services is included in the fees as disclosed in the relevant PDS.  Rest and the Fund do not charge additional fees or obtain commissions for the advice provided.  Rest employees are paid a salary and do not receive commissions.  They may receive a performance related bonus that takes into account the financial services provided.  Super Investment Management Pty Limited, a wholly owned subsidiary of Rest, manages some of the Fund’s investments. Rest has no other relationships or associations with any related body corporate or product issuer that might reasonably be expected to influence Rest in providing financial services.  For more information, contact us at rest.com.au/contact-us
 

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at rest.com.au/about-rest/awards. Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au