Pension related advisory services offered by CARE Super

CARE Super offers its members a number of services based on an optimum retirement and related outcomes. The advisory services business is basically an industrial superannuation fund with professionals spanning all industries. The superannuation fund provides its members with various pension related services that are flexible and tax effective.

The advisory services business’s CARE Super Pension allows members to convert their superannuation savings into regular income after retirement. The most important benefits of this service from CARE Super include tax exemption after reaching 60 years of age, access to regular income according to the amount of payment and frequency nominated by the member, a tax free transfer of the superannuation benefit to pension and flexibility in choice of investment options as well as pension payment mode.

The advisory services business sets the eligibility criteria to become members of CARE Super pension as permanently retired or reached preservation age, over 55 years of age and planning a transition to retirement strategy. The process is started by transferring about $10, 000 to the pension account from superannuation benefits. CARE Super allows lump sum withdrawals or regular withdrawals of the pension amount, subject to legislated amount, according to the member’s choice.