With a Flexi Pension, you can pay yourself a regular income from your super, once you’ve retired or while you’re still working. You choose how to invest your money, with the flexibility to change your income payments and make lump sum withdrawals.
How do I withdraw money from UniSuper?
Generally, you can withdraw a lump sum from your Flexi Pension account at any time. Simply log in to your account. Your withdrawal will be paid into your nominated bank account within 5 business days.
How is UniSuper defined benefit calculated?
It’s calculated by averaging all of your service fractions over your period of benefit service with a UniSuper participating employer. For example, if you always worked full time with your UniSuper employer(s), your ASF is 100%. However, any breaks in employment will reduce your ASF.
When can I retire UniSuper?
You can usually retire and access your super any time after you reach your preservation age (between 55 and 60, depending on your birth date). Generally, you can withdraw it or draw a regular income from it with a pension account.
Is flexible retirement a good idea?
Flexible retirement gives you the opportunity to take life slightly easier, without giving up the structure and companionship of employment. It means you can continue earning a salary, and any gap in your earnings can be filled by drawing on one or more of your pensions.
What are flexible pension benefits?
What is a Flexible Pension Plan (FPP)? An FPP is a personal pension plan that allows you to invest in a pension fund tax‑efficiently. It provides you with the opportunity to delay buying an annuity, with some, or all, of your fund and gives you the option to take an income (drawdown) direct from the fund.
How do I claim UniSuper?
Call us on 1800 331 685 to start your claim or to let us know of a member’s passing.
How do I access UniSuper?
To apply, go directly to the ATO through the myGov website. You’ll need to certify you meet the above eligibility criteria. Please don’t apply to UniSuper directly. We’ll make the payment once the ATO have processed and approved your application.
Who are the members of UniSuper flexi pension?
Significant web based member information an online facility. In-house service and call centre functions complemented by state based education and personal advice staff. UniSuper is an industry fund established for those working in the Australian higher education and research sector and their families.
What kind of pension options does UniSuper offer?
The fund was nominated as a finalist for the 2020 Pension of the Year and 2020 Net Benefit awards.UniSuper offers a range of 16 investment options to choose from, providing members with access to 7 Pre-Mixed and 9 Single Sector options.
What can I do with my Superannuation at 65?
Once you turn 65, you’ll need to meet a few conditions (known as the work test) before making voluntary contributions into your super. Use your super to open a pension account and pay yourself a regular income. You can choose a flexible income pension (like our Flexi Pension) or a lifetime pension (like our indexed pensions).
What kind of pension can I get with my Super?
Use your super to open a pension account and pay yourself a regular income. You can choose a flexible income pension (like our Flexi Pension) or a lifetime pension (like our indexed pensions). Flexible income pensions let you choose:
