Compare our pensions

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You have plenty of options for managing your retirement income with our pensions. Whether you want investment choice, flexibility in the level of income you receive each year, the ability to make lump sum withdrawals or nominate your beneficiaries, we have a pension to suit you.

Compare our pensions

Flexi Pension Commercial Rate Indexed Pension Defined Benefit Indexed Pension
Minimum initial investment $25,000 $25,000 No minimum
Contribute additional amounts No No No
Lump sum withdrawals Yes, but you must withdraw $2,000 or more (Lump sum withdrawals from a Flexi Pension opened under the government’s transition to retirement rules can only be made in very limited circumstances). No No
Payment frequency Fortnightly, monthly, quarterly, six monthly or annually Monthly Monthly
Investment choice Yes Not applicable Not applicable
Switching frequency Weekly Not applicable Not applicable
Fees
Establishment fee $0 $0 $0
Contribution fee $0 $0 $0
Termination fee Not applicable Not applicable Not applicable
Administration fee $96 p.a. ($8 per month)

PLUS

0.16% of your account balance per Flexi Pension account, capped at $1,250 per account per financial year.

$301p.a. $301p.a.
Flexi Pension (TTR)2

Nil for each TTR pension while you have an open super account.3

OR

$96 p.a. ($8 per month) if you do not have an open super account.3
Investment switching fee The first switch per pension account in each financial year is free of charge. Any subsequent switches within that financial year will incur a $13.10 switching fee on the date the switch becomes effective. Not applicable Not applicable
Investment fee

Balanced investment option: 0.32% per year.1, 4

Not applicable Not applicable

Flexi Pension (TTR)

Balanced investment option: 0.32% per year.1, 2, 4

Indirect cost ratio (ICR) Balanced investment option: 0.11% per year.1, 4

You can see the indicative ICRs for each investment option by visiting the Investment costs page.

Not applicable Not applicable
Flexi Pension (TTR)

Balanced investment option: 0.11% per year.1,2, 4
Beneficiaries
Reversionary beneficiary Yes (if elected) Yes, for the Joint Life option, but this can’t be varied during the life of the pension. (Not available for the Single Life option.) The pension is automatically a Joint Life pension and payable to your spouse in the event of your death.

1 The ICRs and investment fees shown above are indicative only and are based on the ICRs and investment fees for this investment option for the year ended 30 June 2017, including several components which are estimates only. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees, costs and taxes incurred by the Trustee in managing the investment options. The amounts of investment fees and ICRs for other investment options are set out in the 'Fees and costs' section of the Flexi Pension PDS, and are paid at the same frequency and in the same manner as the Balanced investment option.

For Flexi Pensions taken under transition to retirement (TTR) rules, once you have reached age 65 or notify us that you have satisfied a condition allowing unrestricted access to super prior to age 65, your administration fees, investment fees and ICR will be charged as a standard Flexi Pension member.

This super account can be either an Accumulation 1 or 2, Defined Benefit Division or Spouse Account. Please note during the last quarter of 2017, we intend to open up membership of UniSuper to all family members, not just spouses. From that time, the accounts of all family members will be called ‘Personal Accounts’.

From 1 July 2017, we anticipate future investment fees and ICRs will include an additional component of 0.13%.

To find out if you’re eligible to start a pension, refer to the relevant PDS.

Get advice

Talk to UniSuper Advice on 1800 UADVICE (1800 823 842) to find out how they can help you.