Income streams
Enjoy retirement without worrying where your money is coming from.

We have low cost, flexible income streams that help your savings last longer no matter what your circumstances. They are designed to help your money go the distance even if you are still working part time.

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Retirement FAQ

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What’s my preservation age?

What’s my preservation age?

This the age at which you can access your super.

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 - 30 June 1961 56
1 July 1961 - 30 June 1962 57
1 July 1962 - 30 June 1963 58
1 July 1963 - 30 June 1964 59
After 30 June 1964 60

How do I start planning for my retirement?

How do I start planning for my retirement?

Our online Retirement Guide can help you understand the steps you need to take to start planning for your retirement. You can:

  • Review your current situation
  • Work out what your goals are
  • Explore strategies to increase your savings
  • Use a range of tools and resources.

You can also enter your current super balance into the Super Modeller calculator and receive a projection of the estimated annual retirement income you could receive once you stop working. Try it now to see what you might be able to achieve using a few basic strategies.

How long will my super last?

How long will my super last?

How long it will last, depends on the amount of money you start with, the rate at which you withdraw income (or lump sums), and other factors such as investment returns and fees. There is no guarantee your Retirement Income Stream will provide an income for the rest of your life and payment will only continue to be made until your account balance is exhausted. Ensuring you plan and budget appropriately may assist with helping your money last. Our future lifestyle calculator may be able to help see if your super is on track and plan where you would like to be

What happens if I die before my super runs out?

What happens if I die before my super runs out?

When you open your account, you’ll have the option of nominating your spouse as a ‘reversionary beneficiary’. This means that if you die the Income Stream will change ownership to your spouse, and regular payments from your account will be paid to your reversionary beneficiary. Your spouse will then have the option of withdrawing the funds if he/she meets preservation age and rules. Alternatively, you can nominate a binding or preferred non-binding beneficiary or legal personal representative.

Can I still receive the government age pension?

Can I still receive the government age pension?

Eligibility for the government age pension depends on your age, residency status, and the income and assets tests. How much you receive is subject to the income you receive from other sources (including your superannuation) plus the value of your assets. If you are eligible, for all or part of the government age pension, then combining it with your Vision Super pension can work well. You can use the age pension to meet basic living costs and spending money can come from your Vision Super pension.

What do I need to open an account?

What do I need to open an account?

You need to have met preservation age and have a minimum investment amount of $10,000.

How do I receive my Vision Super income?

How do I receive my Vision Super income?

Your regular income payments will be paid directly to a personal or joint bank account nominated by you in your application form. You can choose to receive payments twice monthly, monthly, bimonthly, quarterly, four-monthly, six-monthly or annually.

Can I withdraw from my account?

Can I withdraw from my account?

You have access to make lump sum withdrawals (over and above your income payments) however, with the Non-commutable allocated pension this is limited and you can only commute your pension by transferring your account balance into an accumulation plan.

Can I make contributions?

Can I make contributions?

No. Once you have opened an account you cannot make any additional contributions. However, you can close your existing account and open a new account, combining any additional contributions with your existing balance.

Important to know: Government changes to deeming rules could affect you if you choose to close your current account and open a new one. To find out whether your entitlements – including the age pension – could be reduced, we recommend speaking to an expert first.

Do I need to let Centrelink know about my Vision Super income?

Do I need to let Centrelink know about my Vision Super income?

Centrelink needs to know some details so they can calculate payments such as the age pension. We provide this information directly to Centrelink electronically, on your behalf, every February and August. You can request a Centrelink schedule from Vision Super at any time.

 

Income streams
Enjoy retirement without worrying where your money is coming from.

We have low cost, flexible income streams that help your savings last longer no matter what your circumstances. They are designed to help your money go the distance even if you are still working part time.

Fill in this short form and we'll help you get started

Please add your first name
Please add your phone number
Please add an email address

 

 

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