Partial withdrawals

The scheme is designed to help you save for the long term. However, once you have completed 3 years of Police service, you may apply to make one withdrawal each scheme year (1 July to 30 June).

Our current policy is that, in any scheme year, you are entitled to withdraw a percentage of your member’s account at that time. After the sum of the percentages you have withdrawn reaches 100%, all subsequent partial withdrawals are limited to 5% of your member’s account balance each year.

Each withdrawal you make reduces the percentage amount you can withdraw in the future. For example, if you withdraw 75% one year, you can only withdraw a maximum of 25% of the balance of your member’s account next time.

If you have used your benefit in the scheme as security for a loan, the amount of any outstanding loan may need to be paid before any money is paid to you. You should discuss this first with the lender before completing a Partial withdrawal form. If you need to repay the loan, you should make allowance for this when deciding how much you want to withdraw from the scheme.

Generally, any money transferred into the scheme on your behalf will be subject to our policy on partial withdrawals.

We may suspend the availability of partial withdrawals if we consider this could jeopardise the scheme’s registration under the Financial Markets Conduct Act 2013.

We may change the minimum and maximum amounts that apply to partial withdrawals.


This website is provided by Mercer (N.Z) Limited on behalf of the trustee of the Police Superannuation Scheme (PSS). The trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service.

PSS Trustees Limited is the issuer of the Police Superannuation Scheme (PSS). A copy of the PSS product disclosure statement is available under Documents and forms and at