Account based pension
Opening a Vision Super retirement pension will let you convert your super into a flexible, low-cost, regular, tax-effective income stream all while keeping your super invested.
It's a smart way to retire and make sure you’re making the most of your savings and joining is easy.
To be eligible, you must have either reached preservation age and be retired, or retired through total and permanent disability, or be aged 65 or over.
You will need a minimum $10,000 to open your new pension account. There is also a Government prescribed maximum amount you can hold in retirement pension products (across all super funds you participate in).
There are no fees for joining, withdrawing, exiting, or investment switching.
There are administration fees and costs of 0.25% of your pension account balance per annum.
If your account balance is above $420,000, your administration fees and costs are capped at a balance of $420,000 (maximum of $1,050). (Investment fees and costs and transaction costs apply.
A reserving margin and buy/sell spreads may apply). For more details on fees and costs, visit our fees and costs page or download our Income Streams PDS.
Can I add funds to my pension account?
Unfortunately, no. Once your pension account has commenced you cannot add any more to it. However, you can still contribute into an accumulation account, whether it is an existing one you have retained, or by opening a new one.
What to do next
Here are some actions you may want to consider.
Open an account
If you are ready you can open your account online. It’s as simple as that. Or if you prefer you can request a call and we can help set one up for you.
Need advice
Make an appointment with a Vision Super Financial Planner who can provide information and advice about your super or pension. Bookings can also be made by calling 1300 300 820.
We're here to help
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.
Vision Super Financial Planners are employees of the Trustee (or a related entity) that are authorised to provide financial advice as representatives of Industry Fund Services Limited (IFSL) ABN 54 007 016 195 AFSL 232 514. Any financial advice provided by a Vision Super Financial Planner is issued on behalf of IFSL, not their employer. Vision Super Financial Planners can provide financial advice including personal advice about Vision Super that takes into account your personal circumstances. Before making a decision in relation to any of our products, you should read the appropriate Vision Super Product Disclosure Statement and Target Market Determination (TMD) or appropriate Active Super Product Disclosure Statement and TMD.