RetireAccess Lifetime Pension
Guaranteed income for lifeLearn more
Guaranteed income for lifeLearn more
Moving from earning an income to drawing on your retirement savings can be a big adjustment. You might be worried about:
Complements your Government Age Pension and other retirement income sources.
Monthly tax-free payments for you - and your spouse - for life.*
With the option of a guaranteed death benefit#.
Access your money when you need it.^
Keeps your capital safe.
Payments can be indexed to CPI, linked to the RBA cash rate, or linked to a range of market indexes.
~ The benefits provided by RetireAccess Lifetime Pension are supported by a life insurance policy issued to Telstra Super Pty Ltd, the trustee of TelstraSuper (“Trustee”) by Challenger Life Company Limited (ABN 44 072 486 938) (AFSL 234670) (“Challenger”). The Trustee, as issuer of the RetireAccess Lifetime Pension product, does not provide any guarantee whatsoever in respect of the product. The guarantee is provided by Challenger Life under the life policy issued to the Trustee. The Trustee relies wholly on Challenger Life to pay your pension and will not pay your pension under a RetireAccess Lifetime Pension if Challenger Life is unable to.
* Upon your death, payments can be made to your spouse if you have nominated them as your reversionary life insured.
# If you have a payment option which pays a withdrawal benefit (all options other than the Enhanced Income option), you can withdraw and close your RetireAccess Lifetime Pension during the withdrawal period (this is based on your life expectancy) or, if you die, a death benefit is payable during the withdrawal period and is 100% of the purchase price for half that period.
^ If you need access to your capital investment, you can withdraw and close your RetireAccess Lifetime Pension providing it’s within the withdrawal period (this is based on your life expectancy), and you haven’t chosen the Enhanced Income option.
Am I eligible?
You need to be aged 60 or over and have unrestricted access to your super.
You also need to have a minimum of $10,000 to apply and have in place a:
TelstraSuper has a dedicated team of specialists on-hand to speak to you about the RetireAccess Lifetime Pension. They can answer any questions you may have and walk you through the application process, including becoming a TelstraSuper member.
Once you are sure that RetireAccess Lifetime Pension is right for you and meet the eligibility requirements, one of our specialists can give you a payment quotation that sets out more detailed information about your income payment. Call 1300 033 166. All payment quotations are obligation free and valid for 14 calendar days.
If your application is successful, we’ll send you a welcome letter and an Account Schedule that sets out the terms and conditions of your RetireAccess Lifetime Pension. You should read these documents carefully and give us a call if you have any questions.
Get in touch to speak with our specialist team about RetireAccess Lifetime PensionContact us
TelstraSuper has a proud history of elite performance and achievement stretching over two decades. We’re honoured to have been awarded the following commendations that represent recognition by both independent agencies and industry peers.
This summary of the features of RetireAccess Lifetime Pension contains general advice which has been prepared without taking into account your objectives, financial situation or needs.
Before you act on any general advice which has been set out above, you should consider whether it is right for you and your individual circumstances. Before making any decision about whether to acquire a RetireAccess Lifetime Pension, you should read the TelstraSuper RetireAccess Lifetime Pension PDS.