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A lot of people think of retirement as a finishing line. There’s excitement when you get there and perhaps a sense of accomplishment.
But the excitement soon dissipates and can give way to disappointment if you haven’t prepared for this next phase of life. To ensure you’re retirement ready, consider:
Having done all that and worked out that you’re ready to retire, or want to ease your way there, you might be concerned about how you’ll go with a lower, or no, regular income.
That’s where our Retirement Section can help.
Our Retirement Section options let you use your super to provide a regular income that can replace, or supplement, the salary that you’ve been used to. Whether you’re looking to ease your way into retirement, or fully retire, we’ve got a Retirement Section option to suit:
You can find out more about both Retirement Section options by reading the Retirement Section Product Disclosure Statement on the Documents page.
Transition to retirement
If you want to move to part-time work but don’t want to reduce your take-home pay, our Transition to retirement account lets you access your super to supplement your income while you ease into retirement. This is often called ‘transition to retirement’.
You choose how much you want to receive in income payments each year within minimum and maximum payment limits set by the Government.
Your preservation age is determined by your date of birth:
Date of birth | Preservation age |
---|---|
Before 1 July 1960 | 55 |
1 July 1960 to 30 June 1961 | 56 |
1 July 1961 to 30 June 1962 | 57 |
1 July 1962 to 30 June 1963 | 58 |
1 July 1963 to 30 June 1964 | 59 |
After 30 June 1964 | 60 |
For more information about our Transition to retirement options, read the Retirement Section Product Disclosure Statement.
Retirement income
A Retirement section option provides a regular income for you in retirement while your super savings stay invested in a tax-friendly environment.
Date of birth | Preservation age |
---|---|
Before 1 July 1960 | 55 |
1 July 1960 to 30 June 1961 | 56 |
1 July 1961 to 30 June 1962 | 57 |
1 July 1962 to 30 June 1963 | 58 |
1 July 1963 to 30 June 1964 | 59 |
After 30 June 1964 | 60 |
For more information about our Transition to retirement options, read the Retirement Section Product Disclosure Statement.
Opening a Transition to retirement or Retirement section option
Follow our simple checklist for opening a Transition to Retirement or Retirement section option
Remember to attach your proof of identity and a completed Tax File Number declaration (available at ato.gov.au) if you are below age 60.
Before making a decision to open a Retirement Section option you should seek financial advice from a licensed financial planner. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give limited financial advice over the phone.
Financial advice
Get the advice you need before you retire or transition to retirement. You can contact an ANZ Staff Super financial adviser on 1800 000 086 who can give you limited advice on the Retirement Section options available, how much to invest and your investment strategy.
The Trustee of ANZ Staff Super has entered into an agreement with Mercer Financial Advice (Australia) Pty Ltd under which Mercer's financial advisers have been engaged to provide members with general or limited personal financial advice about options available within ANZ Staff Super over the phone for no extra charge.
These financial planning services are provided by Mercer Financial Advice (Australia) Pty Ltd ABN 76 153 168 293, AFSL #411766. Any advice provided by Mercer's advisers is not provided or endorsed by the Trustee and is not provided under the Trustee's AFSL.
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