When you open a Tasplan Pension account you may be eligible to receive a Retirement bonus payment. If eligible, we’ll automatically pay an amount into your Tasplan Super account prior to opening your Tasplan Pension.
Why do I get the Retirement bonus?
When we transfer your money to a tax-free Tasplan Pension account, the money that we put aside to pay certain taxes while your money was in the accumulation phase can be returned to you.
Am I eligible?
You’ll be eligible to receive the Retirement bonus when you first commence a standard Tasplan Pension after 1 July 2018. There are conditions:
- you can only receive the Retirement bonus once and it won’t apply to any pension top ups you may do in the future.
You won’t be eligible for the bonus if you:
- held a standard Tasplan Pension account before 1 July 2018
- commence a transition to retirement pension
- convert your transition to retirement pension to a Tasplan Pension.
You don’t need to apply for the Retirement bonus, it’s calculated and paid to your account automatically. If you want more information, read our Retirement bonus fact sheet.