Three Bucket Pension
If you’re happy for us to manage your investments in accordance with a pre-determined strategy, designed to help make your savings last as long as possible, this may be a good option.
An easy retirement income
The Three Bucket Pension is an investment option with a strategy that aims to strike a balance between income stability and capital growth over the medium to long term. It’s a strategy available to retirement pensions only.
It will still provide you with the flexibility to make withdrawals to pay for extras, such as holidays, but without the hassle of worrying where to take it from. However, with any pension, account withdrawals like these will impact the length of time the pension lasts.
What Is the three bucket Investment strategy?
Basically, it’s where your money is divided into three different buckets – short, medium, and long-term – to leverage the positive relationship between risk and return.
If you choose this investment strategy, your investment is put into three investment options (Cash, Conservative and Growth) in proportions that are determined by the annual income you set (subject to a minimum prescribed by Government). The goal of the strategy is to provide you with income. However, the strategy does not provide any guarantee that your super will last for the rest of your life.
Is it for me?
This pension strategy has been designed for members who don’t want to make investment choices in retirement and are happy for the fund to manage these decisions. It’s been designed without taking into account your personal situation, needs or objectives. Whether it’s right for you and whether your money lasts depend on your personal circumstances. We recommend you get some personal financial advice about this.
The benefits
The Three bucket pension has a number of benefits:
You can set your annual income (subject to some Government limits).
Receive regular payments on top of the Government Age Pension (if eligible) at a frequency that suits you.
Flexibility to access additional money whenever you need it.
A set-and-forget investment strategy, providing you with income, while not providing any guarantee of this.
Automatic rebalancing of your portfolio – each year we will check how your pension account is invested and, if necessary, we will rebalance your investment portfolio.
Easy and simple
You can select the Three Bucket Pension option when setting up your account and leave the ongoing investment management to us.
Can I add additional 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 fund, 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.