Tax on pensions
A tax-effective way to fund your retirement
If you are aged 60 or over there is no tax payable on the income paid to you from your Club Plus Pension.
If you are aged less than 60, then we will deduct tax at the relevant Pay As You Go (PAYG) rate that applies to the amount paid and the income from your Club Plus Pension is included as part of your total income when you prepare your tax return.
Club Plus Super will deduct tax from your pension based on:
- the amount of pension you are being paid, and
- any deductions and rebates that apply from the information you have supplied to us.
For more information: