grow your super

Join Eda Supa

If you're earning and want a better future, join Eda Supa. 

Click below to access the forms and get started.

EDA SUPA

How much can I contribute?

You can open your Eda Supa account with a minimum of K100.

Since Eda Supa is a voluntary superannuation account, contributions must be made by the member, using one of the following methods:
 

  • Direct deposit
  • Mobile banking
  • Internet banking
  • EFTPOS

Eda Supa BSP bank account no. 1001233102.

Please note, the minimum contribution per month is K20.00. 

If you pay by direct deposit, you are required to email a copy of your deposit slip to edasupa@nasfund.com.pg  or you can call 320 1625 to confirm your payment. This will ensure we quickly identify your deposit and allocate into your Eda Supa account with minimum delay.

EDA supa

If I sign up, am I subject to the Superannuation Act?

Yes. When you open an Eda Supa account, your savings are governed by the same rules and regulations as the broader superannuation industry. This means you’re encouraged to contribute regularly, and access to your funds follows the same guidelines as compulsory superannuation accounts. 

Withdrawals are not allowed at will. 

As an Eda Supa member, you’ll receive a membership ID card and enjoy the same benefits as compulsory contributors. This includes access to the Nasfund Membership Discount Program, Nasfund App, Text-Bal, e-branch and more.

Most importantly, your savings grow in a secure environment, earning interest above inflation and bank rates. They’re also protected from social pressures and can become an asset for both you and your beneficiaries.

EDA SUPA

Frequently Asked Questions

How do I join?

Simply fill in an Eda Supa form and send back to us through any of our branch offices. 

To establish an account will cost K100.00 either by eftpos or direct deposit into our bank account. (For security reasons we will not accept cash).

If I do not contribute for three months or more what happens to my contribution?

Your Eda Supa account becomes inactive. If no further deposits are received you will be contacted and reminded to make payments. For your Eda Supa account to work you must save regularly inside a three month period.

Can I withdraw my Eda Supa Savings for a housing advance?

Yes you may after you have saved for 5 years or more. The amount you are entitled to withdraw is up to 100% of your savings less interest.

Who endorses the housing advance application if I am self-employed?

We will endorse the application.

How much do I need to repay?

The Superannuation Act requires a member to repay their advance by increasing their contribution by further 2%. If a member is saving the minimum K20 per deposit, the 2% will be an insignificant amount (K0.40). In this instance we will inform of the consequences of not repaying a housing payment and encourage you to contribute at a higher level, for example a further 10% or K22.

Am I allowed to transfer my savings from Nasfund to Eda Supa if I leave formal employment?

Yes, but only after fulfilling the withdrawal requirements stipulated under Section 90 of the Superannuation Act. Your payment will be treated as your own contribution when you join Eda Supa.

How do I receive my annual statement?

If you have a private postal address, we will send your statement to you on this address. If you do not have an address and where we have an office, we can send your statement to our offices for you to pick up. You can also register a personal email account to receive the statement.

Guidelines for accessing superannuation for Housing Advance
  • Purchase of principal place of residence for member.
  • Deposit for a housing loan from a bank or licensed financial institution.
  • Purchase of state land for the construction of a dwelling.
  • Member is able to withdraw his/her contributions to construct a house located on his/her own customary land.
  • Purchase of land or purchase and construction of a dwelling must occur within six (6) months of an advance.
  • A declaration of completion must be furnished to Nasfund on finalization of the purchase or completion of the construction or addition to a house.
  • Purchase of solar panels or generators for the house.
  • Purchase of building materials to build a house.
  • Purchase of a stove or refrigerator.
  • Purchase of water tank &/or water pump.
  • Substantial renovation or improvement of and existing home owned by the member (Over K1000).
  • Labour & transportation costs of housing materials up to the value of K1000.00 only.
  • Member to repay housing advance by a further 2% of contribution from the employee portion until the advance is repaid.

Note: Advances are only applicable to State or customary land.

I don’t know my membership number, how can I get my number?

Send an email to help@nasfund.com.pg with the following information; full name/current or last employer/ date of birth and name of one of your nominated beneficiaries.

Get in touch

Do you have a question for us?

Please contact us on:
Call: 1588
Email: help@nasfund.com.pg

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