Do you need a Centrelink Schedule?

July 7 |  2 min read

What you save though superannuation is put aside to help fund your retirement, however for some, it might not be enough. The Age Pension aims to bridge the gap between what you have and what you need and is a “safety net” for those who may not have enough super.

What you receive as part of the Age Pension depends on your assets and income, and for pension members, this is where a Centrelink Schedule comes in. Vision Super will send Centrelink the Schedule twice a year, but there are times when you’ll need to retrieve the document yourself in the event Centrelink ask for it outside those times.

 

What is a Centrelink Schedule?
A Centrelink Schedule (sometimes referred to as SA330) is a document used to inform Centrelink of the various components relating to a superannuation income stream. This important document enables them to assess your income stream and what portion of it should be assessed for the ‘income test’ and ‘asset test’ purposes so they can calculate your Age Pension entitlements.

A standard Centrelink Schedule will outline your total payments in the financial year and if any additional withdrawals where made. As this changes, it’s possible your Age Pension entitlements will change too.

Does Vision Super tell Centrelink about my pension?

Yes, every February and August we provide this information electronically via the Centrelink Schedule to Centrelink on your behalf.

It’s however possible that Centrelink may ask you for one outside of these months. To produce one yourself log in to your Member Online account and follow the below steps:

  • Log in
  • Click on “Pension details” on the home page
  • Click on “Centrelink Schedule” from the drop-down menu on the left, and;
  • Click “Request a new Centrelink Schedule”.

Alternatively, if you have trouble we can generate it for you and post or email it to you.

We’re here to help

Vision Super is there to make it easy for you to if you need to correspond with Centrelink. Don’t hesitate to contact our Retirement hotline on 1300 017 589 Monday to Friday 8:30 am to 5 pm or email us at memberservices.com.au if you need assistance with a Centrelink Schedule or retirement advice.

July 7 |  2 min read

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Already a Vision Super member?

The great news is you can now open your pension account online through the secure site.

Not a Vision Super member?

You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.