Pension

The time has come to use the money you’ve saved for retirement. A Tasplan Pension account is the perfect way to access your savings.

We’ll tee you up an account, and help you set up a regular payment that suits your lifestyle and withdraw any lump sums you need for those one-off expenses.

Step one

Make sure you are eligible to access your super. Nasty penalties apply if you illegally access your super early. Find out when you can access your super.


What is a Tasplan Pension?

A Tasplan Pension account acts like a savings or investment account that you can withdraw money from. You can set it up to pay you automatically, just like a regular pay day.

Your pension starts when you transfer a minimum of $20,000 from your existing super (or another eligible source – another retirement savings account or a redundancy payment, for example).

There is a $1.6 million balance cap on the amount you can transfer to a pension account. This total amount applies across all pension accounts you have.


Tasplan Pension benefits

  • As long as you stick to a few government rules, you can decide how much and how often you receive payments – you might like payments fortnightly, monthly or annually.

  • You may have access to lump sum withdrawals at any time, on top of your regular nominated payment.

  • Once you reach age 60, you don't pay any tax on regular payments or lump sum withdrawals.

  • You generally don't pay tax on any earnings or capital gains from your standard Tasplan pension account.

  • If you're aged between 55 and 59, you may be entitled to a 15% tax offset on the taxable value of your pension.

  • We can pay your money directly into your bank account.

  • You can decide where your money goes if you die, simply by completing a Binding death benefit nomination form.


How to start a Tasplan Pension

Easy! Just contact one of our financial experts. They'll check that you're eligible, give you a hand with the paperwork (you can find this in our Tasplan Pension Member guide if you want a head start) and set up your account.


Next steps

Make sure your savings will last the distance with our easy Retirement $ projector.

Email one of our financial experts at info@tasplan.com.au or call us on 1800 005 166

PS If you are itching for more information online right now, download our Tasplan Pension Member guide.