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Account-Based Pension (formerly Allocated Pension)
The Account-Based Pension Plan offers an effective way of receiving your superannuation entitlements as an income stream instead of one lump sum. It is a simple, flexible and convenient way for you to convert your accumulated superannuation into a tax-effective income – your own pension. The Account-Based Pension Plan allows you to control your retirement income by simply pre-selecting how often and how much you wish to receive as a pension.
An Account-Based Pension is paid from your own individual account established within the Scheme. You may start your individual account with any superannuation or rollover retirement benefit which is payable to you from the Scheme, another superannuation fund, or from one or more Eligible Termination Payments (ETPs).
Click on the following link for a copy of the PDS, which contains complete information on the
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