You can stay with MTAA Super through your working life and into retirement.
A MTAA Super Pension account can be a tax-effective way to invest as there is no tax payable on investment earnings and after age 60, you don’t pay tax on your pension payments. If you’re under age 60, you can get a tax rebate on some of your pension income.
Setting up a pension is easy and we’re here to help if you have any questions.
Here’s how a Pension works
Simply transfer part or all of the balance of your super account/s into a Pension account, then
Nominate how much income you would like to receive and when. Keep in mind, you’ll need to withdraw a minimum percentage of the balance each year, based on your age. You also have the flexibility to make lump sum withdrawals from your Pension account.
To be eligible to open a Pension account, you need to have at least $10,000 in super and have met one of the following conditions of release:
You have reached your preservation age and are permanently retired. Check your preservation in the table below:
Date of birth
Before 1 July 1960
1 July 1960 – 30 June 1961
1 July 1961 – 30 June 1962
1 July 1962 – 30 June 1963
1 July 1963 – 30 June 1964
After 30 June 1964
You are age 60 or over and have ceased an employment arrangement
You are age 65 or over, or
You have become permanently incapacitated at any age.