The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
What is an account-based pension?
An account-based pension is another type of regular income you can buy with your super money. You can purchase an account-based pension after you’ve reached ‘preservation age’, which is calculated from when you were born.
Account-based pensions don’t have a fixed start and end date like some other annuities do. How long it will last depends on how often and how much you withdraw each year, the fees you pay and investment returns you get.
Find out more about our account-based pensions.