Allocated Pensions and Transition to Retirement Allocated Pensions Commission Rebates

Enjoy More of your Retirement

You work hard for a lot of your life to accumulate a healthy superannuation fund, which you can rollover and enjoy as a healthy allocated pension account. However, while your allocated pension is working hard for you, it is probably also working hard for the broker or financial planner who set it up for you. Instead of having your allocated pension continue to pay trailing commissions to providers or brokers, you can have those commissions refunded to you.

Allocated Pension Accounts

An allocated pension account is where your superannuation investments go when they are rolled over in retirement. Your allocated pension account allows for a regular income stream to be paid from your superannuation savings and is usually available once you have turned 65, or have officially retired from the workforce.

There is a minimum income amount required to be paid from your allocated pension account when you retire, but there is no limit on the maximum amount that can be paid. Your allocated pension account can hold a range of assets including shares, managed investments and cash, according to your individual investment strategy. You also don’t pay any tax on the earnings your allocated pension fund generates and you don’t have to pay capital gains tax if you sell an asset from the account. Allocated pension accounts can also be used in conjunction with Centrelink payments for a comprehensive retirement income solution to suit you.

However, although you have retired, your allocated pension account continues generating trailing commissions, which are usually paid to the broker who organised the account for you, or to the provider of the account. To have the commissions refunded to you, to top up your retirement fund further, request a refund by registering now with Commission Rebates.

Transition to Retirement Allocated Pension Accounts

If you are over 55 and still working, you can access your superannuation savings through a transition to retirement allocated pension account. On a transition to retirement allocated pension account there is still a minimum income amount which must be paid, but there is also a maximum amount which can be paid too. In all other ways your transition to retirement allocated pension account is an identical precursor to an allocated pension account, and is also a more tax effective option for your investments than superannuation.

A transition to retirement allocated pension account also pays trailing commissions to a broker or financial advisor, but you can request a refund by registering now with Commission Rebates and have those commissions repaid to you.

Commission Rebates for Your Retirement or Semi-Retirement

When you register with Commission Rebates, we are then nominated as the broker of your allocated pension or transition to retirement allocated pension account. As such, the trailing commissions which were being paid to your former financial advisor or account provider start being paid to us. After deducting a 50% fee from the first $480 in commissions, all subsequent commissions are refunded directly to your nominated bank account.

This means you have the potential to receive thousands of dollars in refunded commissions each year, as trailing commissions on allocated pension and transition to retirement allocated pension accounts can be between 0.4 and 1.2% of the total value of the assets in the account.

To find out more, request a refund by registering now with Commission Rebates and you could be enjoying more in your retirement than you ever imagined.

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