Tasplan administers three types of accounts:
Most people belong in a straightforward accumulation account.
An accumulation account works kind of like a savings account. Your employer contributions and any extra payments you make go straight into your account.
We invest your money in 'units'. Units are a way of measuring the progress of your account.
You pay your fees out of your account and, if you have insurance, the cost of your cover comes out of your account, too.
We run some funds for employer groups in Tasmania. These defined benefit funds work in a different way to the regular accumulation style accounts. These funds are not available to new members.
Defined benefits funds
If you're a defined benefit member, we work out your super benefit based on a formula that might take into account factors like your salary and how long you've been with your employer. Using a formula means we can define the amount of your super payout in advance.
PS If you're busting for detail about our defined benefit funds, you can email us at firstname.lastname@example.org or call us on 1800 005 166.
Our Tasplan Pension is gold-rated, so you can count on it when you want to access your super.
It allows you to set up regular payments that suit your lifestyle and withdraw any lump sums you need for those one-off expenses.
Your pension starts when you transfer a minimum of $20,000 from your super or other eligible source. For example, another retirement savings account or a redundancy payment.