Super Toolbox
Key features
The table below provides a brief summary of the key features of MTAA Super Pensions. Please refer to the MTAA Super Pensions Handbook for further information.
Feature | Details |
|---|---|
Investment option(s) | 8 investment options |
Payment frequency | Yearly |
Size of payments | Any amount selected by the member, above the statutory minimum annual requirement. The amount must be above a certain prescribed minimum level and below a maximum of 10% of your pension account balance for Transition to Retirement Pensions. |
Pension term | Until the account balance reaches $0- influenced by the starting amount, payments selected, commutations, investment earnings, fees, costs and taxes. |
Reversionary beneficiary* allowed | Yes |
Additional contributions allowed after commencement? | No |
Minimum investment amount | $10,000 |
Investment earnings tax free within account | Yes |
Assessable against Social Security assets test | Fully assessable
|
Assessable against Social Security income test | Yes-less Social Security deductible amount |
Default investment option | Conservative option |
Pension administration fee | $7.50 per week |
*Reversionary beneficiary- The person who you nominate to automatically continue to receive your pension upon your death.