Our retirement products make it easy for you to receive a regular income while continuing to invest, and minimising the tax you pay. Sticking with a fund you trust into retirement will also mean you can focus on the things you enjoy and love doing, all while feeling confident that your money is being managed for the most profitable, and ethical, outcome.
There’s no one way to retire – and with Vision Super you have options, including accessing your super as you reduce your working hours, receiving a regular pension once you finish work. Now let’s see your options.
It pretty much works the same way as your super account, except you cannot add to it once it’s been opened. Once you’ve opened your account you can choose your Investment options and know your investment earnings are tax free. And instead of contributing to your account, you’ll take money out. The great thing is you can set your annual income and the frequency you get paid that suits your retirement. And just like when you were working your money will be deposited in a bank account of your choice.
Make an appointment with a Vision Super Financial Planner who will provide information and advice about your super or pension. 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.