When you retire and/or reach a certain age, you can access your super benefits as a lump sum or as a superannuation pension, also known as an income stream.
A super pension is different from the government Age Pension. When you reach your preservation age, an REI Super Pension account allows you to keep your super invested while drawing on a regular tax effective income.
The Age Pension, however, is designed to provide a “safety net’ for those who do not have enough superannuation or other financial resources to provide an adequate retirement income, and you can often draw on a full or partial government Age Pension at the same time as taking an income from your super pension.
Find out more about your pension options with REI Super.
Future investment performance can vary from past performance, and you should not base your decision to invest in REI Super simply on past performance. Past earning rates are not an indicator of future earning rates. The investment returns of REI Super are not guaranteed, and the value of the investment may rise or fall.
The information contained in this article does not constitute financial product advice. However, to the extent that the information may be considered to be general financial product advice, REI Super advises that REI Super has not considered any individual person’s objectives, financial situation or particular needs. Individuals need to consider whether the advice is appropriate in light of their goals, objectives and current situation.