Pension Payments
Pension Division allows you to maintain choice in your underlying investment options whilst receiving regular payments within prescribed limits from your account.
Your pension may be established once you meet the relevant rules to access your superannuation benefit explained in the Understanding superannuation section.
Pension Division allows you to receive pension payments monthly, quarterly, half-yearly or annually. Your adviser can amend your pension frequency online.
Pension payments will be drawn from your Cash Account and transferred electronically to your nominated Australian financial institution account, on or around the 15th day of the month. If you invest before the first day in any calendar month, your first pension payment can generally be made on the 15th day of that month.
In the first year the minimum payment you are required to receive annually will generally be pro-rated based on the number of days between your pension commencing and the end of the financial year.
Part A of the Avenue Retirement Service PDS