With your REI Super Retirement Pension account you can make lump sum withdrawals and also receive a regular income. (Note that lump sum withdrawals are not available in a Transition to Retirement Pension.)
Make a lump sum withdrawal when you want to
- cash any unrestricted non-preserved component of your pension account. The minimum withdrawal is generally $5,000
- transfer your entire account balance back into a complying superannuation fund or another transition to retirement pension product
- give effect to a Family Law payment
- pay an Excess Contributions tax assessment
If you make a partial withdrawal of non-preserved benefits, or transfer benefits to another fund, you must keep at least $5,000 in your account for it to remain active. A separate $90 exit fee applies to each partial payment.