LifeTrack Cashback Pension
LifeTrack Cashback Pension is exclusively available to LifeTrack members of either Corporate, Employer or Personal superannuation plans. This flexible product is available for members aged 55 and over, either working or retiring. The LifeTrack Cashback Pension and Transition to Retirement option provides for members aged over 55, who may wish to retire or alternatively: continue to work and transfer their superannuation benefits into a pension product; and continue to accumulate funds for retirement. Whether you are continuing to work or retiring, the simplicity and convenience of the LifeTrack Cashback pension is that you can continue to enjoy many of the products benefits you have now including:
- Simple establishment and administration of your superannuation account.
- Diversify your portfolio by selecting from a wide range of term deposits and over 180 managed funds from leading fund managers and access to over 60 direct shares.
- Tracking your superannuation online via IOOF's portfolio management tool, Portfolio Online
PLUS when you transfer you can retain your existing death nomination arrangements and your investment portfolio selections.
| LifeTrack Cashback Pension for Retirees | LifeTrack Cashback Pension - Transition to Retirement pension option |
|---|---|
|
LifeTrack Cashback Pension is an Allocated Pension paid from an investment account. It provides flexible and regular pension
payments and you have full access to the account balance in whole or part at any time. The pension payments are not guaranteed
and are dependent on a number of factors, the most important being the annual pension payments deducted and the earnings received
by the account. The pension will continue to be paid until your investment account is exhausted.
If your income needs change, you can increase or decrease your selected pension income at any time provided your pension payments meet the minimum annual pension payments stipulated in the Product Disclosure Statement. |
The Transition to Retirement option allows you to access your superannuation benefit to start a pension once you have reached your Preservation age but have not retired. There are restrictions on your nominated annual pension payment minimum and maximums and the circumstances in which a lump sum can be withdrawn. However you can continue to accumulate in this product and the tax effective pension environment may prove a sound strategy for this stage of your working life. Upon reaching retirement or turning age 65, these additional restrictions will no longer apply. |
The investment options available through LifeTrack Cashback Pension are managed by a range of leading investment managers, and span both Australian and international investments across various asset classes.
The LifeTrack Cashback Pension Investment List
IOOF believes in ensuring the investment options offered by LifeTrack products is in effect a "live" and manageable list of available investments, providing investors with a fully comprehensive selection of investment options. We conduct regular and extensive research to ensure the latest fund options, quality investment managers and the right mix of funds are available.
As a result the investment list offers:
- term deposits and over 180 managed funds from leading local and global fund managers,
- over 60 direct shares - a selection based on the top 150 stocks listed on the Australian Stock Exchange,
- a selection of funds within each asset class, and
- options that incorporate the latest in investment thinking such as long-short Australian equity, small cap and Asia equities funds.
Investment categories
The investment options can be categorised as follows:
- Easy Choice offers a range of IOOF multi-manager diversified and sectoral Trusts
- Investor Choice - offers term deposits and over 180 managed funds for you to build your own tailored investment strategy
- Direct Share Choice - offers a range of over 60 shares listed on the Australian Stock Exchange.
More information about the investment categories is available in the LifeTrack Investment Strategies Booklet.
IOOF - Your Investment Guardians