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Cancelling a direct debit

You can cancel your direct debit at any time without penalty. Please notify us in writing by the 4th day of the month for the change to take effect in the same month. Your direct debit will automatically cease if:

  • your account is closed
  • you do not make at least one direct debit contribution in every 12 month period or
  • three direct debits are rejected in a 12 month period
  • you have reached age 65 and have not met the work test or you have otherwise become ineligible to contribute.

We reserve the right to modify or cancel the direct debit at any time. We will first give you 14 days notice in writing.