You can make a withdrawal request at any time through your account on the web, iOS or Android app. It can be all or part of your investment in the Fund. A minimum $5,000 account balance is required, otherwise you may need to make a full withdrawal.
Blossom Plus withdrawals are processed quarterly (every 3 months). You can make a withdrawal request until 4pm on the final business day of the quarter. Withdrawals requested after 4pm on the final business day of the quarter will be processed in the next quarter. Don't worry, requesting a withdrawal will not impact your earnings until we process your withdrawal. This means, we will post earnings on funds you’ve requested to withdraw every day until the business day the redemption is processed.
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDS to learn more about how fixed income funds are taxed.
Please also refer to the PDS to learn more about how the law and the Fund Constitution have to allow for possible suspensions of redemptions and even for extended delays but we think that is unlikely.
You can make a withdrawal request at any time through your account on the web, iOS or Android app. It can be all or part of your investment in the Fund. A minimum $5 account balance is required, otherwise you may need to make a full withdrawal.
Your first Blossom Save withdrawal request (up to $5,000) each day will be processed instantly.
Withdrawal requests above $5,000, or any additional withdrawal requests made on the same day, will generally be processed for same-day payment on business days when requested before 4pm AEDT (subject to banking and payment systems).
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDS to learn more about how fixed income funds are taxed.
Please also refer to the PDS to learn more about how the law and the Fund Constitution have to allow for possible suspensions of redemptions and even for extended delays but we think that is unlikely.
You can cancel pending withdrawal requests by heading to Funds > Transaction History > Pending Withdrawals.
Yes, you can withdraw part or all of your savings through making a withdrawal request in the ‘Transfers’ section of the web, iOS or Android app. There is no limit to how much you can withdraw at one time (subject to a minimum withdrawal of $5 and your account balance must not be less than $5 otherwise you may need to do a full withdrawal).
