SPEC Super - generating wealth An Industry SuperFund

SPEC Super offers an Account Based Pension (previously known as an Allocated Pension) which is designed to provide a regular income for your retirement.

 

Account Based Pensions are investments that give retirees and those nearing retirement (at least age 55) regular superannuation benefit payments as income.

 

The SPEC Pension can be taken before you finish working if certain conditions are met (Pre-Retirement) or after retirement (Post Retirement).  Please note that Temporary Residents are not eligible to commence a Pre-Retirement or Post-Retirement Account Based Pension.

 

SPEC Pension offers you:

 

FLEXIBILITY - You can choose when your pension is paid (e.g. monthly, quarterly, half-yearly, yearly), and the amount you would like to receive each payment.  Pension payments are deposited directly into your bank account for your convenience.

 

CHOICE OF INVESTMENT OPTIONS - SPEC Pension members can choose from seven member investment choice options:

• Balanced
• Capital Stable
• Growth (High Risk)
• Cash Enhanced
• Cash
• Australian Shares
• International Shares

TAX-FREE - Investment earnings are tax free, plus pension payments are tax free from age 60.

 

ACCESS TO YOUR SAVINGS - As a lump sum in the Post-Retirement Pension option.

 

INSURANCE - Death insurance cover is available to SPEC Pension members.

 

Download the SPEC Pension Product Disclosure Statement (inc SPDS) for further information.