grow your super

Eda Supa is for anyone who is earning and wants a better future.

EDA SUPA

How much can I contribute?

Minimum contribution is K20 and can be paid into your Eda Supa account anytime within 3 months. Due to the voluntary nature of the account, payment is made by the individual either by way of:
 

  • Direct deposit (Eda Supa BSP bank account no. 1001233102);
  • Mobile banking;
  • Internet banking
  • EFTPOS (Boroko branch)
  • Cell Moni E-Wallet

These payments are expected to be solely from the individual themselves.


Please note if you pay by direct deposit, you are required to email a copy of your deposit slip to edasupa@nasfund.com.pg , 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. Persons who sign up to open an Eda Supa Account must be aware that this saving is subject to the normal rules and regulations that govern the Superannuation Industry. 

This means that once you sign up, you are encouraged to contribute regularly. You are not able to withdraw anytime at will. Remember, this is not a bank account. This is a superannuation account that you have elected to open to cater for your retirement needs. Therefore access to funds is subject to the same guidelines that apply to compulsory contributors. 

The services and benefits that are accorded to compulsory contributors are also applicable to Eda Supa Savers. You will receive a membership ID card and you will be able to participate in the Nasfund Membership Discount Program. You will also have access to save with the Nasfund Contributors Savings & Loan Society if you want too as well. 

More importantly, your savings are able to grow in a safe and secure environment by earning interest that is above inflation and bank rates. In addition, your savings are kept away from the pressures of 'wantok' and cultural obligations, thus becoming a tangible asset for not only yourself, but for your beneficiaries as well.

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.

Get in touch

Do you have a question for us?

Please contact us on:
Call: 1588 | Digicel: 7373 3000 | Vodafone: 7676 6000
Email: help@nasfund.com.pg or marketing@nasfund.com.pg