Customer Monitoring
  • 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)