How do withdrawals work? When will my withdrawal be processed?
Blossom Save
Your first Blossom Save withdrawal request (up to $5,000) each day will generally 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).
Blossom Plus
Blossom Plus withdrawals are processed quarterly (every 3 months). You can make a withdrawal request until 4pm Sydney time two weeks before calendar quarter end. Withdrawals requested after the cut-off will be processed after the end of the following quarter.
Withdrawals will be processed on the following dates:
Q1: Request withdrawal before 4pm on March 17, 2026, for processing between April 1 and April 9, 2026.
Q2: Request withdrawal before 4pm on June 16, 2026, for processing between July 1 and July 9, 2026.
Q3: Request withdrawal before 4pm on September 16, 2026, for processing between October 1 and October 12, 2026.
Q4: Request withdrawal before 4pm on December 17, 2026, for processing between January 1 and January 12, 2027.
Blossom Grow
Blossom Grow has a 12-month investment term.
You must tell us at least four weeks before your term ends whether you’d like to:
- Start another 12-month Grow term
- Switch your funds to Blossom Save or Blossom Plus
- Withdraw your funds
If we don’t hear from you before this time, your investment will automatically start another 12-month Grow term.
Withdrawals are processed within 7 business days of your term end.
Redeeming your savings may give you taxable gains, depending on your individual circumstances. Please refer to the PDSs to learn more about how fixed income funds are taxed. Please also refer to the PDSs 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 read the TMDs here.