Ethical pensions

Your pension is started with a lump sum from your super fund. You’ll need to open a pension account before you transfer your super money to your pension account after you’ve reached your preservation age. (Link to pension FAQ page)

To access super you must also have met a condition of release unless you’re setting up a transition to retirement pension. 

A condition of release includes permanently retiring from the workforce after reaching preservation age, reaching age 65 or becoming terminally ill or becoming totally and permanently disabled.

When you open a pension with us, you’re putting yourself in the driver’s seat and making a conscious decision of where your retirement money goes – that is, keeping your mind engaged and making sure you understand what you are choosing to support, or not support.

Our benefits include:

• you decide on the payment amount (minimums and maximums apply)
• you won't pay tax on pension payments from age 60
• you don't pay tax on investment earnings
• you can access a lump sum at any time (as long as you have received your minimum pension payments for the year)
• you can choose how your money is invested without compromising on your values.