The National Superannuation Fund Limited, or Nasfund, offers a specific procedure for its members to withdraw funds through Form SF21, under the Superannuation (General Provisions) Act 2000. This necessary document outlines various crucial details starting from the member's personal information to the method of payment, ensuring a seamless withdrawal process. Members are required to provide their name, contact details, date of birth alongside choosing the reason for withdrawal, which could range from resignation and retirement to disability or migration. Furthermore, the form necessitates the selection of a payment method which encompasses direct bank deposits or receiving a cheque via mail, encapsulating flexibility in the disbursal of funds. Additionally, it carries a section for employer's declaration to affirm the member's employment status, a critical step to validate the withdrawal request. Guidelines enclosed within the form elucidate eligibility criteria, such as a stipulated period of unemployment and the necessity of supporting documentation for claims related to unemployment, disability, or emigration. Notably, it emphasizes the fund's policy against cash payments, advocating for the preservation of retirement savings for future needs rather than immediate consumption. The form also provides contact details for Nasfund's Client Service Section, offering avenues for assistance and further inquiries, underscoring the fund’s commitment to serving its members’ needs efficiently. This comprehensive approach not merely facilitates withdrawals but also encourages prudent financial planning among its members.
| Question | Answer |
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| Form Name | Nasfund Withdrawal Form |
| Form Length | 1 pages |
| Fillable? | Yes |
| Fillable fields | 1 |
| Avg. time to fill out | 27 sec |
| Other names | nasfund withdrawal, nasfund forms 2021, nasfund withdrawal form, fill nasfund online withdrawal application form |
Form SF21
NATIONAL SUPERANNUATION FUND LIMITED
APPLICATION FOR WITHDRAWAL BY MEMBER
Section 90: Superannuation (General Provisions) Act 2000
MEMBERS DETAILS: |
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Name of Member: |
Membership No: |
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_____________________________________________________________________________ |
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Contact Address: |
Phone: |
Mobile: |
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_____________________________________________________________________________ |
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Date of Birth: |
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Female (tick ) |
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_____________________________________________________________________________ |
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4.Name of Current or Most Recent Employer:
_____________________________________________________________________________
REASONS FOR WITHDRAWAL: |
(Tick appropriate reason). |
Resignation/Termination
Disability
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Migration |
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Transfer to: ________________________ |
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Retirement |
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(Print name of ASF/RSA) |
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Note : Please refer to back for Withdrawal Guidelines |
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METHOD OF PAYMENT: |
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(Tick appropriate box). |
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Direct Deposit into Bank Account: |
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Collect in Person |
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Mail to following Address: |
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Name of Bank |
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_____________________________________________________________________________ |
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Branch (BSB) |
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_____________________________________________________________________________ |
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Bank Address |
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_____________________________________________________________________________ |
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Account Name |
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_____________________________________________________________________________ |
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Account No. |
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_____________________________________________________________________________ |
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Signature of Member : |
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Dated : |
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___________________________________________________________________________________
EMPLOYERS DECLARATION:
I hereby declare that:
(i)the Applicant/Employee ceased work with the company on the _______________________________ and;
(ii)Annual Gross salary: K___________________ (for Tax purposes)
(iii)the details provided by the employee in this application are true and correct in every particular.
Name of Authorised Officer |
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Signature |
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___________________________________________________________________________________ |
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Designation/Position |
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Phone No. : |
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___________________________________________________________________________________ |
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Facsimile No. |
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___________________________________________________________________________________ |
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Dated this the |
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20 |
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____________________________________________________________ |
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Employers Stamp:
_____________________________________________
In the event of the employer no longer operating in the country, a Comissioner of Oaths, Priest/Pastor, Postman or a Member of the National Parliament or Provincial Assembly is authorised to sign & stamp this form.
GUIDELINES FOR WITHDRAWAL BY MEMBER
1.You will become entitled to withdraw your contribution when you are unemployed as a result of termination, resignation, retrenchment, retirement, physical or mental disability or if you wish to emigrate.
2.You must remain unemployed for a continuous period of 12 months before you become entitled to receive your contribution. However, if after 3 months you are still unemployed and have financial difficulty than you can make a partial withdrawal, under situations of hardships. Contact our Client Service Section on the number provided below for further details or assistance in this regard.
3.In each of those unemployment situations described above, you must fill this Form (SF 21) correctly and get your employer to endorse it. Your employer will also complete Form SF 6 to confirm your exit from the Company. Lodge the completed Forms with the Client Service Section to process your claim together with the following supporting documents:-
3.1 Unemployment
You should produce confirmation letter from your employer.
3.2 Medical Disability
You must be examined by two separate Doctors and obtain a medical report in relation to those examinations. If both those Doctors report confirms that it is either a permanent or total disability and that you are unable to continue to work then you will become entitled to withdraw your contribution. You must produce those reports.
3.3 Emigration
If you are a citizen permanently emigrating from PNG than you must produce a copy of residential visa and or an approved letter of residency from the Diplomatic Mission. If you are not a citizen than a copy of your passport and residential visa would be sufficient.
4.It is important that you provide copies of your bank and account details including, where possible, your most recent bank statement.
5.As a matter of policy NASFUND will not pay you in cash. Payment will be by crossed cheque deposited into your bank account.
6.Although we respect your right to withdraw your funds when you are entitled to, we ask that you consider the long term effects of taking away your retirement savings. If you do not need the money now, do not touch it. Think of the future and not just today.
7.If you have further queries or require assistance, you can contact the Client Service Section at:
National Superannuation Fund Limited
P.O.Box 5791
BOROKO
National Capital District
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(675) 325 9522 or 325 9652 or 325 9981 |
Fax |
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(675) 325 5503 or 323 3559 or 325 9738 |
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clientservices@nasfund.com.pg or withdrawals@nasfund.com.pg |
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Website |
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www.nasfund.com.pg |