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How a pension works

Ready to retire? Get a Club Plus Super Retirement Pension

When you’re ready to stop working you can invest your super into a Club Plus Super Retirement Pension to receive a tax-effective regular income in retirement.

What do you need to do?

To invest your super into a retirement pension you must meet one of the following ‘conditions of release’:

  • have reached your preservation age (between 55 and 60 depending on when you were born) and have permanently retired
  • have reached age 60 and have stopped working
  • have reached age 65
  • be totally and permanently disabled

For more information about a Club Plus Super Retirement Pension:

Not ready to retire? Get a Club Plus Super Transition to Retirement Pension

If you want to keep working full time or reduce your hours you can save more super for your retirement with a transition to retirement (TTR) pension provided you have reached your preservation age (between age 55 and 60 depending on when you were born) and are aged under 65.

For more information about a Club Plus Super TTR Pension:

What else do I need to know?

Still unsure?

For more information, refer to the Pension PDS or contact our Pension Hotline on 1800 204 194.

We also suggest that you consult a qualified financial adviser.  General advice and  intra fund advice is a benefit of membership of Club Plus Super – it comes at no additional cost to members.

 

Financial planning advice is provided by Club Plus Financial Planning Pty Ltd (Club Plus Financial Planning), ABN 14 143 636 766 acts as a Corporate Authorised Representative #367058 of Link Advice Pty Ltd, ABN 36 105 811 836 (“Licensee”). The Licensee holds a current Australian Financial Services Licence #258145 and is responsible for the financial services provided to you. Club Plus Financial Planning is an associated company of Club Plus Superannuation Pty Ltd. Where the service extends beyond superannuation and retirement planning advice, you will be invoiced directly.