Retirement. The best is yet to come.
Know your options Show more
Know your options
Accessing your super
You can usually access your super once you’ve fully retired and have met your 'preservation age'.
When the time comes to retire, you can:
- Take your super as a lump sum payment and invest your money however you choose, but any future investment earnings may be taxed.
- Roll your money into a pension account, which pays you a regular income. You’ll still have the freedom to withdraw money when you need it, and your investment earnings are tax-free.
Understanding your pension Show more
Understanding your pension
Get the most from your pension
Knowing how a pension account works can help you get more from your retirement:
- Your income is tax-free, if you’re 60 or over.
- Investment earnings are tax-free.
- You must withdraw a minimum amount each year, depending on your age.
- You can generally choose the frequency of your regular income payments.
- You can take out a lump sum at any time and withdraw your full balance whenever you want.
- You may still be eligible for a government age pension, depending on your assets and income.
Find out about ANZ Smart Choice Pension.
Transition to retirement Show more
Transition to retirement
Ease into retirement.
A transition to retirement strategy gives you the flexibility to draw an income from your super, without having to give up work completely.
You can use it to:
- Reduce your work hours, but maintain your income;
- Increase your income, but keep your current work hours; or
- Boost your super, without lowering your income.
Transition to retirement can help reduce the tax you pay on both your income and any investment earnings you receive. In doing so, it opens up a range of possibilities to improve your lifestyle, income and even your super in the countdown to retirement.
To find out more about transition to retirement strategies, see an ANZ Financial Planner
Get ready to retire with ANZ Smart Choice Pension
Important Information Show more
All fees are subject to change. Other key features are relevant when choosing a super fund, including performance.
Before redirecting your super or moving your money into ANZ Smart Choice Super and Pension, you will need to consider whether there are any adverse consequences for you, including exit fees, other loss of benefits (e.g. insurance cover), increase in investment risks and where your future employer contributions will be paid.
Taxation law is complex and this information has been prepared as a guide only and does not represent taxation advice. Please see your tax adviser for independent taxation advice.
ANZ does not represent or guarantee that access to ANZ Internet Banking, ANZ goMoney® or Grow by ANZ will be uninterrupted. Temporary service disruptions may occur. ANZ goMoney® is a registered trademark of ANZ.
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ANZ Smart Choice Super and Pension is issued by OnePath Custodians Pty Limited (ABN 12 008 508 496, AFSL 238346, RSE L0000673), a wholly owned but non-guaranteed subsidiary of Australia and New Zealand Banking Group Limited (ABN 11 005 357 522) (ANZ).
This information is of a general nature and has been prepared without taking account of your personal needs, financial situation or objectives. You should consider the appropriateness of the information, having regard to your objectives, financial situation and needs. You should read the ANZ Financial Services Guide, Product Disclosure Statement, Additional Information Guide and the Electronic Access Terms and Conditions before deciding to acquire or hold ANZ Smart Choice Super and Pension.