Turn your super into an income stream that is regular
Page reading time: 2 mins
An account-based pension provides 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 provided that your super cash does, it is perhaps not just a guaranteed income for life.
Just exactly How a pension that is account-based
An account-based retirement (or allocated retirement) is a typical earnings flow purchased with cash from your super whenever you retire.
Typically, you can select:
- simply how much you intend to move to the ‘pension stage’ (subject to stability transfer cap, Australian Taxation workplace internet site)
- The frequency and size of the re re payments (within minimum or optimum permitted)
- the way you want your super invested (during your investment)