Allocated pensions

An allocated pension plan is a product used for funding your retirement and is managed so that you can enjoy your retirement lifestyle without the need to be concerned about ongoing management issues.

What are the key features of ACSRF’s Allocated Pension Plan?

• You can start an allocated pension by rolling over your ACSRF super benefit or your benefit from another super fund or retirement savings account (RSA).
• No entry fee is charged.
• Your administration costs are a fixed annual amount. The administration fee is not based on a percentage of your account balance. However, other management costs are deducted from the fund assets as a whole before the unit price is determined and are therefore reflected in the unit price.
• There are no penalties imposed by the Fund for early withdrawal of your account balance, other than a withdrawal processing fee of $35.
• Annual benefit statements and regular newsletters.
• Your investment can comprise one or a combination of any of the investment options available.
• If you are between the ages of 55–64 and have not retired from the workforce, you can access your superannuation through a non-commutable allocated pension.
• Tax-free investment earnings are allocated to the account from which regular pension payments are made.
• For members over age 60, all payments made from an allocated pension are totally tax-free!

For more information regarding this product, please refer to ACSRF’s
Allocated Pension Plan Product Disclosure Statement.