Notice:
The Government announced in its Federal Budget on 10 May 2011 that it will continue to support self-funded retirees by extending the drawdown relief currently provided for account-based superannuation pensions into the 2011/12 financial year. However, the drawdown relief is less than previous years and is now at 25% reduction in the mimimum payment amount. Accordingly, if you have taken the option of reducing your pernsion in previous years, your pension will automatically change at 1 July 2011 to match the new minimum amounts.
Please log on to Pension MemberOnline if you would like information on how to change your pension payment amount. If you have any questions regarding this matter please contact our CareSuper PensionLine on 1300 664 781 or email pension@caresuper.com.au.
Key benefits:
- CareSuper is a profit-for-members fun, committed to keeping funds low
- Earnings on your investment are tax-free
- Tax-free income – If you are 60 years of age or more your pension payments will not need to be included in your income tax return.
- Regular income - You nominate the frequency and amount of payments you want to receive within certain legislated limits.
- Supplement your income – Use your CareSuper Transition to Retirement Pension to provide you with an income while you are still working.
- Tax benefits - No tax is payable on investment returns and part of your pension may be tax free.
- Investment choice - Continue to receive investment market returns by selecting one or a mix of our 12 investment options.
- Flexibility - You can change the amount and frequency of your pension payments and make lump sum withdrawals when you need to. (Please note that Transition to retirement accounts generally cannot make withdrawals. For more information go to the Transition to retirement page)
Is a CareSuper Pension right for me?
For more information, download and read the CareSuper Pension Product Disclosure Statement under related downloads to the right.
Information is current at 30 June 2011.
