Opening a retirement account

Deciding what do with your super when you retire is one of the key financial decisions in life. An ANZ Staff Super financial adviser can help you get set up.

Opening an account

Here’s a guide to setting up an account in the ANZ Staff Super Retirement Section: either Transition to Retirement or Account Based Pension. We strongly recommend that members speak to an ANZ Staff Super financial adviser when approaching, starting or transitioning to retirement.

Step 1

Get ready

Read the Retirement Section Product Disclosure Statement (PDS)Opens in new window .
Decide which account option suits you.
Check you’re eligible for either a Transition to Retirement or Account-Based Pension.
Consider the risks.

Step 2

Decide how much to invest

Combine your super into a single account first.
Choose how much to transfer from your super to start your account in the Retirement Section (noting that you must rollover at least $25,000 to commence an Account-Based Pension).

Step 3

Decide on your payment amount

Choose your income payment amount. Both account types have a minimum payment amount of 4% p.a. Transition to Retirement also has maximum of 10% p.a..

Step 4

Make your investment choice

Decide how you’d like your account balance invested.
Choose which investment option(s) you’d like your payments made from.

Step 5

Nominate your beneficiaries

Let us know how you want your benefit paid in the event of your death. You can also nominate a reversionary beneficiary who will continue to receive income payments from your account.
For more information about beneficiaries see the Retirement Section PDSOpens in new window .

Step 6

Complete and return the forms

Remember to attach your proof of identity and a completed Tax File Number declarationOpens in new window if you are below age 60.

Making the decision to partially or fully retire can be complex.

Contact an ANZ Staff Super financial adviser today to discuss your options and work out what’s best for you.