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.