What is a pension?
A pension is a special investment structure with tax benefits created by the government to help people manage their super savings in retirement. By investing your super and any other retirement savings in a pension, you can access your money as a regular income in a tax-effective environment.
What's the benefit of a pension account?
Investing your super in a pension rather than taking it as a lump sum can make your retirement savings go further through tax savings.
Investment earnings are tax free on account-based pensions and death benefit income streams, however, pre-retirement pensions are taxed 15%.
Tax free income and withdrawals if you’re over age 60.
Our Retirement Income Strategy
To help support our members, we have developed a retirement income strategy that outlines our plan to assist members achieve a comfortable retirement by maximising their retirement income, managing risk and offering flexible access to their retirement savings.
For more information on how we support members and their journey to retirement, please read our Retirement Income Strategy.
Fees and costs
Like most super funds, we deduct some money from your account to cover the cost of looking after and investing your super. Because we’re a profit-to-member fund that doesn’t pay dividends to shareholders, our fees are set to cover our costs only.
Your investment options
When choosing where to invest your super, you need to strike a balance between the risk you’re comfortable with and the rate of return you need to achieve your retirement goal.
How we perform
Get the latest weekly performance returns for our investment options or learn about our strong historical returns.
Day-to-day value
Keep up to date with the value your investment options are delivering, business day to business day.
The role of the Age Pension
Despite our increased reliance on super to fund our retirement, many Australian retirees continue to supplement their retirement income with at least a part government age pension. Even if you only qualify for a part pension, this can make a difference to your retirement lifestyle, as you’ll automatically qualify for a pension concession card and associated discounts.
Get financial advice
We offer all members a free super health check over the phone to cover the basics, at a time that suits you. If you’re after more complex advice tailored to your individual situation, we can put you in touch with Mine Super Financial Advice to develop a plan that meets your financial goals.
