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Access Pension

You can now access your superannuation before retiring. If you have reached your preservation age you can commence a Local Super Access pension (an account based pension) with super from your Marketlink, Spouse or Retained account.

The Access pension offers:

• Nil entry or establishment fees.
• Nil ongoing administration fees.
• Nil payment fees for pension payments.
• 6 investment options to choose from.
• Minimum initial balance of $10,000 with a minimum of $1,000 to remain in the Marketlink account.
• Minimum annual pension payment calculated on age-based factors and the pension account balance at commencement and at 1 July each year.
• The annual payment is limited to a maximum of 10% of the account balance as at commencement and at 1 July each year.
• Select from monthly, quarterly, half-yearly or annual pension payments.
• Payments are made to your nominated bank account.
• In the event of death, the account balance is payable to your nominated beneficiary(ies) or your estate.

Lump sum withdrawals are not permitted. The Access pension can be cancelled at any time and the balance can be rolled back into your Marketlink, Spouse or Retained account.

When selecting your investment option(s) you also have the choice of selecting the investment option(s) from which the pension payments are made from.