Retirement Account

Since 2010, the NRL have made contributions on behalf of Players competing in the NRL competition. The basis for the contributions is to assist players in their transition into their post-Rugby League life and career.

Player contributions are based on the following criteria:

  • The Player is listed in his respective Club’s Top 25 list of Players as at round 1 of the given year
  • A Player that is not listed in his respective Club’s Top 25 list of Players as at round 1 of the given year, BUT, has played 4 or more games in the NRL Competition of thegiven year
  • No contributions are made to a Player’s NRL Retirement Account whilst they play in the English Super League

The annual contribution by the NRL to each Player retirement account is:

  • 2016 Season – $9,750
  • 2017 Season – $10,000
  • 2018 and beyond will be negotiated as per the 2018 – 2022 Collective BargainingAgreement

A Player becomes entitled to receive his NRL Retirement Account balance when he physically retires from the NRL. However, it should be noted:

  • A Player leaving the NRL to play in the English Super League, is considered to bestill playing in the NRL
  • A Player leaving the NRL to play country Rugby League or NSW or QLD Cup and isnot on an NRL contract, is deemed to have retired from the NRL

Process for payment of account funds

The payment of a Player’s NRL Retirement Account entitlement takes the form of an Eligible Termination Payment (ETP) for taxation purposes. This is to say that the gross amount is taxed at a concessional rate of 32%. Generally, no further tax is payable on the entitlement.

When a Player decides to retire from the NRL, the process to withdraw his retirement account entitlement is as follows:

  • The NRL will generally transfer player retirement contributions into the fund in December/January after the season end
  • Appropriate declarations and withdrawal forms are forwarded to retiring players in May of the year after the season in which they retired
  • Players complete the documentation and return it to the RLPA before 15 June
  • The RLPA forward completed documentation to the NRL for processing
  • The NRL transfers payment of the Player’s retirement account funds in July inconsideration of the potential taxation impact on the Player

Find out more

Trevor Spaul, RLPA GM - Finance & Operations
+61 418 291 378
tspaul@rlpa.com.au
Andrew Ryan, NRL Transition Manager
+61 402 063 938
aryan@nrl.com.au