Pension options

Find out how a UniSuper pension can help you manage your retirement income.

Lump sum or pension?

When you retire, you can either take your benefit as a lump sum or as a pension to provide you with a retirement income stream. So why choose a pension?

• Investment earnings from pensions are tax-free.
• Pension income is tax-free after you turn 60.
• A 15% tax offset is available to reduce the tax payable on the taxable component of your pension if you have reached preservation age.
• If you are under age 65, you can take some or all of your benefit as a Flexi Pension under the transition to retirement rules while you are still working.

Your UniSuper pension options

Our cost-effective pensions give you plenty of options for managing your retirement income needs. Whether you want investment choice, flexibility in the level of income you receive each financial year, the ability to make lump sum withdrawals or a pre-determined regular income, UniSuper has a pension to suit you:

• Indexed Pension
• Flexi Pension

Only a UniSuper Flexi Pension can be used to Transition to retirement.

Helping you make your pension decision

It’s important you consider your options carefully to work out what’s right for you.  The Your guide to pensions booklet provides information that will help you make important pension choices.

If you need additional assistance to make a decision about your retirement, we recommend you speak with a licensed financial adviser.