Account Based Pension

By turning your super savings into a FES Super Pension, you create a regular income stream.

With a FES Super Pension, you can:

  • Continue to receive a regular income conveniently paid directly to your bank account

  • Keep your money in the super system where your investment earnings are tax-free*

  • Pay no tax on your pension payments if you’re 60 or over

  • Make lump sum withdrawals on top of your regular pension payments*

*Not if you have a transition to retirement pension.

When you take up a pension you don’t have to withdraw your super as a lump sum amount first. Your super amount is converted to the pension phase and paid to you as regular pension payments.