PLEASE NOTE: A transaction processing hold will be in place from Thursday 30 June 2022 to Wednesday 6 July 2022 (inclusive). The hold applies to all transaction requests including contributions, rollovers, investment switches, account balance and benefit quotations, benefit/lump sum commutation payments, and online services. Click here to read more.
A transition to retirement (TRP) pension allows you to access some of your super while you’re still working and receiving superannuation guarantee (SG) payments from your employer, along with other contributions you may care to make, to your super account. With a TRP in smartMonday PENSION you may:
You don’t have to retire to have this type of pension, it gives you great flexibility in how you organise your work, play, and income arrangements. It may also be a tax-effective way to continue building your super at the same time.
Please note: The information above is general in nature and should not be relied upon as personal advice as your personal needs, objectives, and financial situation have not been considered. Before making a decision about any smartMonday branded product you should consider whether it suits your particular circumstances, and, where appropriate, you may wish to seek financial advice specific to your needs. If you do not have a financial adviser, you may contact us to ask about the advice services you can access through your membership.
These are the standard TRP in smartMonday PENSION fees1.
|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)|
If you are ready to start the transition into the weekend, contact your financial adviser. If you don’t have a financial adviser, a smartMonday smartCoach will help you work out if this is the right thing for you.
If that’s how you feel, check out our account-based pension and consider getting your weekend on the road.
1 Other fees and costs may apply, refer to the smartMonday PENSION Product Disclosure Statement for further information
2 These fees are not deducted directly from your account. The investment fee is included in the unit price of each investment option and reduces your investment return.
3 Deducted monthly directly from your account.
4 This is a dollar-based administration fee that is deducted monthly from your account. If you have more than one pension account, this fee is deducted from each account. It is indexed annually each 1 July in line with inflation as measured by the change in the Average Weekly Ordinary Time Earnings (AWOTE) index.