Managing income payments
Regardless of your chosen legalsuper pension, you will receive income payments through Electronic Funds Transfer (EFT) to your personal bank, building society, or credit union account. You are not locked into any payment amount or frequency, and you can adjust your payments throughout the year to suit your requirements.
Choose from the following payment frequencies:
- Yearly (paid on the 28th of June unless otherwise specified)
- Half-yearly (paid on the 28th of the relevant month – paid in June & December unless otherwise specified)
- Quarterly (paid on the 28th of each quarter - March, June, September & December)
- Monthly (paid on the 28th of each month)
- Fortnightly (paid according to the schedule below):
Year 2024 |
|
| Month | Date |
| January | 11th, 25th |
| February | 8th, 22nd |
| March | 7th, 21st |
| April | 4th, 18th |
| May | 2nd, 16th, 30th |
| June | 13th, 27th |
Download Centrelink schedules
Generate Centrelink/DVA schedules online by logging into MemberAccess and selecting 'Request Centrelink schedule' from the 'Retirement' menu.
Making withdrawals
Request small withdrawals from your pension account online by logging into MemberAccess and selecting 'Online withdrawal' from the 'Retirement' menu.
Updating banking details
You must complete and return the 'Pension Member Change of Details' form to update your banking details.
Topping up your retirement account
Investment mix
It’s important to review your investment mix during retirement to ensure that you stay on track and meet your retirement savings goals.
Your beneficiaries
By nominating a pension beneficiary you can decide who receives your retirement savings, as your super and pension benefits aren’t automatically included in your estate or Will. The only direct way to leave your super to the beneficiaries of your Will is to let us know these beneficiaries or to nominate one as a binding beneficiary.
Do all this online with MemberAccess or the Mobile App
From anywhere, anytime, with just a few clicks, use MemberAccess or the Mobile App to:
- Check balances and transactions - Monitor your account balance and review transaction history.
- Manage investments - Keep track of your investments and make changes as needed.
- Check correspondence - Access essential documents and correspondence related to your retirement account.
- Check and update bank and personal details - Ensure your contact information is up to date for seamless communication.
Use MemberAccess or our Mobile App for easy management of your retirement income.
