An account based income stream (post retirement) can be purchased with unrestricted non-preserved superannuation benefits held with the Fund or with another superannuation fund and gives you the option to make lump sum withdrawals at any time (subject to attaining a condition of release - see Account based income stream in the Product Disclosure Statement).

In the event of the death of a person receiving an account based income stream the remaining balance in the accunt is paid to the person's dependents or to the estate of the person.

The pension strategies invest in the Australian Ethical trusts with the corresponding name. See Pension strategies page.

Contributions

To start an Australian Ethical Superannuation account based income stream you must:

be entitled to have your superannuation account paid out to you. This usually means you will either have reached 55 and retired, or have reached 65;
have a minimum amount of $30 000 (there is no maximum);
complete the Pension application for membership form (Form B) in the Product Disclosure Statement.

Receiving your allocated pension

You can choose whether to have your pension paid to you monthly, quarterly, six-monthly or annually. You may also choose how much you wish to have paid to you at these times.

IMPORTANT NOTICE
The amount you can draw from your account in a year is subject to a minimum limit prescribed by the Australian Government. Payments will only continue to be paid until the balance in your account has been depleted. The balance in your account is determined by the amount of your contributions, the investment returns earned by the Fund, any applicable taxes, the Fund's charges, and how much has already been paid to you. This product may not provide a pension for the rest of your life.