• Overview

• Corporate information

• Careers

• Press room

• Superannuation

• Private Series

• Pensions

• Market information

• Volatility toolkit

• The Russell team

• Investment approach

• Investment education

• Market information

• Private Series

• Volatility toolkit

• Solutions

• Investment approach

• Investment education

• Market information

• Sector funds

• Diversified funds

• Unit prices

• Select Holdings

• Managers & styles

• How to invest

Superannuation Pensions Private Series Market information Volatility toolkit

Pensions

Once you reach preservation age you are able to access the money you have been saving in superannuation and start receiving an income from it.

There are many types of pensions and some of them aren’t just for when you stop work. In fact, if you choose the right one, it can be your partner for life.

Today, a pension can provide a flexible way to make the most of your money in the years leading up to your retirement – and can work hard for you afterwards.  

Depending on your circumstances, a pension can be an ideal investment because:

• It provides a regular income
• You can choose from a range of investment options which can be changed as you need
• There is no tax paid on investment earnings in a pension
• The money you draw down from the pension is tax free after the age of 60 and there are tax breaks for those over age 55
• By salary sacrificing your income you swap your marginal tax rate for a 15 per cent contributions tax.

A pension for when you’re no longer working

When you have stopped working, you can set up a pension which provides regular income from your superannuation savings. Any investment earnings are tax free within a pension, and once you reach age 60 the money you draw down from your pension is tax free.

Find out how the Russell Private Active Pension can provide you with the flexibility of a Contribution Account, a Pension Account and a Cash Management Account all within the one product.

A pension leading up to retirement

When you are transitioning to retirement, you can supplement your pay with money from your superannuation by setting up a pension. Not only can you use money from the pension to supplement your income, but you can salary sacrifice excess income into your superannuation, which saves you tax as well. You can also use a pension if you choose to drop back to part-time or casual work as you can still use the income from your pension to maintain the same level of income.

Find out more about a transition to retirement strategy and how the Russell Private Active Pension can work for you.