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Tax on pensions

A tax effective way to fund your retirement

Club Plus Super will deduct tax from your pension based on the amount of pension being paid, taking into account any deductions and rebates that are applicable according to the information that you have supplied to us.

If you are aged less than 60 and receiving a Transition to Retirement pension and still working, your tax will be assessed by the Australian Tax Office (ATO) based on your combined income. The ATO will assess your income tax liability based on the information contained in your Tax Return after taking into account all income, deductions and rebates.

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