Pension account

The Pension Account gives clients the ability to convert their superannuation savings into a flexible income stream with three types of accounts available:

  • Transition to Retirement Pension – provides clients with a regular income where preservation age is reached but they wish to keep working
  • Account Based Pensions – provides a regular income where the client has retired from the workforce after reaching preservation age or met a condition of release
  • Term Allocated Pension – choose the term for receiving benefits (available for rollovers only)