Introducing Pension Join Online for staff

12-Apr-2017

Building a bridge between your super and pension

As your employees start to think more about retirement, they’ll also be considering their income options. That’s where Pension Join Online can help bridge the gap between their super and retirement phases.

Pension Join Online not only does away with time-consuming paperwork. It also means the same team that manages your employee's super, manages their retirement income too.

More control over your pension

With Pension Join Online, members can start an Account Based Pension or a Transition to Retirement (TTR) pension – both of which have their own unique benefits.

A flexible Account Based Pension gives them regular income along with key tax benefits. If they’re ready to retire and aged over 60, an Account Based Pension can work for them by allowing lump-sum withdrawals and tax-free payments.

A TTR pension gives staff access to their super while they’re still working. It also enables them to either reduce thier work hours or start making (or increasing) salary sacrifice contributions. So, if they are 55 and over and working part time, they can supplement their income with regular pension payments.

From 1 July 2017, investment earnings in a TTR pension account will be taxed at 15% (which is generally in line with super) rather than being tax-free. Despite this loss of tax free earnings, a TTR strategy can still deliver substantial tax benefits and serves as a great way to achieve a target level of income.

Getting started with Pension Join Online

Members must choose the pension that best suits their needs, then nominate their pension amounts and payment frequency. We’ll help consolidate any other super they have and give them a choice of investment options. They can also choose how often they’d like updates, then kick back, relax and enjoy their road to retirement.

Chant West Super 2018 Pension 2018

My Super News

Pension Results - 2019

16-Sep-2019

The financial year to 30 June 2019 was a challenging and volatile period for investors against the backdrop of trade war tension and slowing global growth. Read More

Retirement Sweet Spot

16-Sep-2019

As the last day of work approaches, it’s important to activate your plan for financial independence. Will you start by easing into retirement as you reduce time spent working? Or will you dive into total retirement? No matter what you decide, we can help you select a pension that makes the most of your savings. After all, even when retired, you still need your money to be working for you. Read More


image description

Download our VISSF App!

Connect to your super whenever you want, wherever you are.

  • Download on the App Store
  • Get it on Google Play

 

Please note:

We encourage all VISSF members to register for the new Member Online service (it takes less than a minute) and explore the broader range of features and benefits.


Find out more here.
Members Login »