Follow the steps below to get started with your AustralianSuper Pension.
You can start an AustralianSuper Pension online or by downloading the Pension Guide and completing the form at the back.
When you start your online application, you’ll be asked to read our Pension Member Guide.
This guide will explain in detail:
- where the money for your AustralianSuper Pension can come from
- your payment amount and frequency
- how you can invest your money
- who will receive your pension should you die
- how to keep track of your pension.
You may like to request for a guide to be posted to you so you can take your time reading through it.
1. Making sure you're eligible
To be eligible you must have:
- a minimum of $10,000 in super to invest
- reached the minimum age
- permanently retired from the workforce* (if you are still working but meet the other two requirements noted above, you will be eligible to take up the AustralianSuper Pension, using the transition to retirement option).
You are also eligible to take up an AustralianSuper Pension, if you have a minimum of $10,000 in super to invest, and have one of the following:
- have super which is ‘unrestricted non-preserved’; that is, it can be accessed anytime
- have access to your super due to a total and permanent disability**
- a death benefit approved (but not yet paid) by the AustralianSuper Trustee** (conditions apply if you are the child of the deceased).
* If you have changed employment on or after age 60 or have reached 65, you are also eligible to commence an AustralianSuper Pension.
** You must also be over 18 years of age to be eligible for an AustralianSuper Pension.
2. Get your money together
Before you open an AustralianSuper Pension, it’s a good idea to consolidate your super money. This includes other superannuation funds you wish to rollover and any lost super you may have. If you have funds outside of super, you will need to arrange for these to be rolled into your superannuation before you can contribute them to your new pension.
If you join online, we'll help you complete the Combine your super form.
3. Make some decisions
You will be asked to make some decisions about your pension payments, like how much you want to receive and how frequently. You will also need to nominate your beneficiaries and be given the opportunity to choose your investment strategy.
4. Complete the application
You can do this by completing the online form, or completing the forms included in the Pension Member Guide. Once your account has been set-up and all monies received, you will be sent a welcome letter and AustralianSuper membership card.
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