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ACCOUNT BASED PENSIONS
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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.