Account based pensions

Super versatile - super popular

If you’re thinking about retirement, give our Account Based Pension some serious thought. It’s a flexible and tax-effective way of converting your lump sum retirement benefit into a regular income stream. You may also qualify for special treatment under the income test for the government age pension.

An income stream if you’re under 60

If you take your superannuation as a pension, you can defer or minimise the tax you would otherwise pay if you took it as a lump sum at that time.

A tax free income stream if you’re over 60

You pay no tax on pension payments received from a pension established with super.

Benefits at a glance - NGS Super Account Based Pension

• Choice of amount
  Choose the amount of your pension payment (above the minimum set by government). You can vary payments at any time.
• Choice of frequency
  Decide how often you receive your pension payments provided they are paid at least annually.
• Access any time
  Withdraw (commute) the full value of your account at any time, or make partial withdrawals.
• Taxation
  The Account Based Pension is designed to conform to the legal requirements to qualify for special tax treatment.

Find out more about great benefits and advantages for NGS Super Account Based Pensions.