Retirement
In spite of the cost of living, it's still popular.
Quadrant Super Pension
A Quadrant super pension is a great option to consider in retirement. A super pension acts like a savings or investment account with a balance that can be drawn down on in accordance with Government rules and regulations. Your super pension is started when you transfer your existing superannuation, approved deposit or deferred annuity. The minimum amount needed to start a Quadrant Super Pension is $20,000.
The good news about a Quadrant Super Pension
- You can decide on how much and how frequently your pension is paid to you (subject to annual minimum limits prescribed by legislation and minimum and maximum limits if you are receiving a transition to retirement pension)
- Once you reach 60 your pension is tax free - you don't pay any tax on your pension payments or lump sum withdrawals
- You can decide where your money goes if you die simply by completing a binding death nomination
- No lump sum tax is payable while capital remains in the fund and generally no tax is payable on fund earnings and capital gains
- You may have access to a lump sum withdrawal of at least $1000 at any time, on top of your regular nominated pension payment
- If you're aged between 55 and 59 you may be entitled to a 15% tax rebate on the taxable value of your pension
- Your payments can be paid to you via direct credit into your bank account or other financial institution nominated by you.
How do I start a Quadrant Super Pension?
Applying for a Quadrant Super Pension is easy - simply see a Quadrant financial planner who will assist you to set up your account and ensure that you meet the legislative requirements to open a pension account. Your financial planner will oversee the completion of all the required paperwork which you will find in our Member Guide.
