Swift Code: WPACAU2S
Written by Aija Zablovska
Retirement is an exciting time that will present you with many opportunities.
This product ensures you have the benefit of an income stream via an account based pension.
This product is a flexible, easy online, income stream product that you can move your super benefit into before you retire, or on retirement.
You have two options:
Account Based Pension
With Hunter United Super Choice Fund Account based Pension, you have access to a regular, flexible and tax-effective source of income during retirement. You must be an Australian citizen, New Zealnd citizen or permanent resident of Australian and have satisfied a condition which allows the release of your super ('condition of release') to take up an Account Based Pension. For example, if you have reached your Preservation Age (age 55 for persons born before 1 July1960) and have permanently retired from the workforce or are age 65 (whether or not you have permanently retired), you can start an Account Based Pension.
For more information about eligibility to start an Account Based Pension, contact the Super Chocie Contact Centre on 1300 136 601.
Transition to Retirement Pension
With the Hunter United Super Choice Fund Transition to Retirement Pension, you can access a regular and tax-effective income from your super without having to leave the workforce permanently. To start a Transition to Retirement Pension, you must have reached your Preservation Age and still be working. This allows you some access to your preserved and (if applicable) restricted non-preserved super.
For more information about 'preserved' and 'restricted non-preserved' super contact the Super Choice Contact Centre on 1300 136 601.