Pensions

Christian Super gives you the option of accessing your superannuation benefit either as a lump sum, a pension, or potentially a combination of both. A pension can take the hassle out of having to manage your own investment portfolio and can provide a tax effective way to derive regular payments from your retirement savings.

Pension accounts can be reverted to a standard superannuation account at any time, the options are as follows:

Transition to Retirement Pension

Beneficial to members over preservation-age to 64 who wish to reduce their work hours. The Transition to Retirement (TTR) Pension is a government initiative which allows eligible candidates to access their superannuation as an income stream. This facilitates a full-time equivalent income whilst working fewer hours and may also allow you to reduce your taxable income. TTR Pensions automatically revert to a Christian Super Account Based Pension when you reach the age of 65. If you satisfy a conditional of release prior to 65 years of age your TTR Pension can be converted to a Christian Super Account Based Pension but we need to be notified of the change.

Account Based Super Pension

The Christian Super Pension gives retirees who have reached their preservation age the option to convert a lump sum superannuation amount into a regular income stream. The Christian Super Pension places the money in your account into your selected investment options in order to grow over time. Earnings accrue tax-free and are added to your account, while administration fees are simply deducted. You can elect how much you wish to receive on a regular basis as a pension payment (within legislated limits).

Please note that the information contained on this website is a summary and general in nature. It does not consider any personal objectives, financial situation or specific needs of individual members. We strongly recommend that you refer to ourĀ Pension Product Disclosure Statement (PDS) for the full terms and conditions, and obtain professional financial advice to determine the appropriateness of the information, taking into account your own personal circumstances.