Loan security


Using your benefit as security for a loan

In some cases, you may be able to use your benefit in the scheme as security for a loan. However, the lender, is not entitled to make a claim against the scheme until a benefit becomes payable. The loan agreement must include a term to this effect.

If you use your benefit as security for a loan, a charge will be registered against your benefit in the scheme. If a benefit – including a partial withdrawal – is paid from the scheme, the outstanding amount of any charge may have to be paid first.

What you need to do

You need to complete a notice of charge. There are separate forms for Police and Families Credit Union (PFCU) loans and other lenders.



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