benefits of Health Super Pensions
Health Super’s Pension products are competitive and offer great value for Health Super members.
great value – 7 great reasons to choose a Health Super Pension
1. tax-effective income stream
Part of each pension payment may be tax-free and the rest may get a 15% tax offset. That may mean more money in your pocket.
2. investment earnings are tax-free
The added bonus of a Pension, is that investment earnings are TAX FREE! This means your pension could last even longer.
3. flexible payment options
With a Health Super Pension you’re in control. You can choose how much you want to receive (subject to a minimum amount) and when you want to receive it – be it fortnightly, monthly, quarterly, half-yearly or yearly.
4. ongoing quality financial planning advice
When you invest in a Health Super Pension you’re automatically entitled to receive an annual review of your financial situation by a qualified Health Super Financial Planner at no extra cost!
5. wide choice of investment options
You can choose from one of 9 investment options, 5 standard options and 4 Socially Responsible Investment options. Click here to see the investment options available and how they have been performing.
6. access your money at any time1 (only with an Account Based Pension)
Need some extra cash for a holiday or got an unexpected bill? No problem! With a Health Super Account Based Pension you can access your money at any time.
Please note: this is not available on the Transition to Retirement Pension.
7. low management fees
Unlike some other pension products that have a range of fees and costs, a Health Super Pension has only two simple fees. You will only pay 1% of your pension balance capped at a maximum of $4,000 pa2 and a percentage based investment management fee (based on the investment option you select).
1. This option is only available to members who take out a standard Health Super Account Based Pension. Withdrawals can only be made from a Transition to Retirement Pension in limited circumstances. Refer to the Health Super Pension Product Disclosure Statement for further information.
2. Please refer to Health Super’s Pension Product Disclosure Statement for more information about fees, charges, returns and Pension products.
