Customer Monitoring

PLEASE NOTE: The smartMonday website will be down for maintenance from 8.00pm (AEST) on Friday 6th August until 1.00pm (AEST) on Saturday 7th August. You will not be able to access during this time and we apologise for any inconvenience this may cause. 

  • While there is no legal maximum amount that you can hold in a smartMonday PENSION account, any amount (across all of your superannuation accounts) above the $1.7 million limit set by the Government may be subject to additional tax. Up to this limit, your super money can stay invested in a tax-free environment.1
  • You decide the amount you receive as regular payments and how frequently you receive them – monthly, quarterly, half-yearly or annually – although the Government does set a minimum level of annual income that must be drawn from a pension account, as listed in the Income payments section below.
  • You can withdraw some or all of your account balance at any time – to get those one-off expenses out of the way.
  • You can easily track your payments and full account details in your smartMonday Personal Home Page.
  • are permanently retired and have reached your preservation age, or
  • leave employment at or after reaching 60 years of age, or
  • are over age 65, or
  • are permanently incapacitated or terminally ill and rolling in benefits from their super fund.
Age Standard default minimum % drawdown
Under 65 years 4
65 - 74 years 5
75 - 79 years 6
80 - 84 years 7
85 - 89 years 9
90 - 94 years 11
95 + years 14

These are the standard smartMonday PENSION fees.1

Investment 2 0.24% p.a.-0.72% p.a. depending on the investment options you choose
Administration 3 0.50% p.a. (A portfolio rebate applies for account balances over $250,000)
Membership 4 $72 p.a. ($6 per month)