Turn your super into an income stream that is regular
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An account-based pension offers regular, versatile and tax-effective earnings from your own superannuation.
You will get one once you reach ‘preservation age’ (between 55 and 60). It persists so long as your super cash does, it is maybe not really a guaranteed income for life.
just just How a pension that is account-based
An account-based pension (or allocated retirement) is a frequent earnings flow purchased with cash from your super whenever you retire.
Typically, you can select:
- just how much you intend to move to the ‘pension stage’ (subject to stability transfer cap, Australian Taxation workplace web site)
- the dimensions and regularity of the re re re payments (within minimum or optimum permitted)
- the manner in which you want your super invested (during your investment)