Opening a Vision Super pension will let you convert your super into flexible, low-cost, regular, tax-effective income stream all while keeping your super invested. It is smart way to retire and make sure you’re making the most of your savings.
Joining and eligibility
Joining is easy, and it is smart way to retire and make sure you’re making the most of your savings. All you will need is a minimum $10,000 to open your new pension account.
There are also no fees for joining, withdrawing, exiting, or investment switching, and no fees for advisers, for performance, or commissions. (Buy/sell spreads and other investment fees may apply).
There is a 0.35% account keeping fee. If your account balance is above $300,000, your administration fee is capped at a balance of $300,000 (maximum of $1,050). (Buy/sell spreads may apply).
To be eligible, however, you must have either reached preservation age and be retired, or retired through total and permanent disability, or be aged 65 or over.
Our Balanced Growth pension option continues to deliver strong returns, making it the number 1 pension product for the last 12 months^.
^According to Superratings SRP50 Balanced (60-76) Index survey as at 30 September 2020
The Vision Super Account based pension has a number of benefits:
Bookings can also be made by calling 1300 300 820.
You might find the answer to your question in the FAQ below. If you don’t find it there, you can call our Retirement hotline on 1300 017 589. Or complete the quick contact form and one of our team will contact you within the next two business days.
Centrelink needs to know some details so they can calculate payments such as the age pension. We provide this information directly to Centrelink electronically, on your behalf, every February and August. You can request a Centrelink schedule from Vision Super at any time.
No. Once you have opened an account you cannot make any additional contributions. However, you can close your existing account and open a new account, combining any additional contributions with your existing balance.
Important to know: Government changes to deeming rules could affect you if you choose to close your current account and open a new one. To find out whether your entitlements – including the age pension – could be reduced, so we recommend seeking financial advice first.
Eligibility for the government age pension depends on your age, residency status, and the income and assets tests. How much you receive is subject to the income you receive from other sources (including your superannuation) plus the value of your assets. If you are eligible, for all or part of the government age pension, then combining it with your Vision Super pension can work well. You can use the age pension to meet basic living costs and spending money can come from your Vision Super pension.
The great news is you can now open your pension account online through the secure site.
You’ll just need to open a Vision Personal account first and then you can transfer across to a Vision Super pension.