DATE OF ISSUE: 1 JULY 2009
The MTAA Super Pension
When you retire, you can either take your superannuation as a lump sum or convert it
into a pension to provide an ongoing income stream. So why choose a pension rather
than a lump sum?
A pension can offer significant tax advantages. The MTAA Super Pension:
does not incur lump-sum tax if you’re over age 60
eliminates tax on investment earnings in the Fund
gives you concessional tax treatment on annual pension payments if you are under
60 and tax-free pension payments if you are 60 or over.
More importantly, with the MTAA Super Pension you get the certainty of regular income
plus the flexibility to vary payments at any time to suit your changing lifestyle.
The MTAA Super Transition to Retirement Pension
Pay less tax, maximise your super and maintain a similar income.
If you’re aged over 55, you have a great option as you head towards retirement.
The MTAA Super Transition to Retirement Pension allows you to keep working and:
pay less tax
start receiving a regular income from your super
grow your super faster and pay no tax on your investment earnings.
How does it work?
Move your existing super into an MTAA Super Transition to Retirement
Use salary sacrificing to contribute some or all of your regular salary into your
superannuation account. You’ll only pay 15 per cent tax (if you have supplied your TFN
to the Fund) on the salary sacrificed part of your salary (within limits), instead of your
marginal tax rate, which could be up to 46.5 per cent (including the Medicare levy).
You can draw regular pension payments directly from your Transition to Retirement
Pension account to replace your salary and maintain or improve your lifestyle. You’ll
receive tax concessions on the pension payments before age 60 and zero tax when
you reach 60.
In addition, all investment earnings in your Transition to Retirement Pension account
Telephone: 1300 362 415
are completely tax free, which can help your retirement savings grow even faster. Facsimile: 1300 365 142
Benefits of an MTAA Super Pension
We charge Control: choose how your pension is invested
Members have eight investment options:
pension Pre-Mixed Options
My Choice Options
members a low Balanced International Shares
Growth Diversified Fixed Interest
$7.50 per week. Target Return Cash
You can choose a single option or a combination of options.
Certainty: choose your payment frequency
You can choose to receive your pension payments at any of the following intervals:
Security: keep track of your pension online
Using MTAA Super’s online facility, ePension, you can do all the following:
check your account transactions
get a balance estimate and quote
change your address details
change your beneficiary details
see where your pension is invested
change your investment preferences
change your payment amount or frequency.
The table below provides a brief summary of the key features of MTAA Super Pensions.
Please refer to the MTAA Super Pensions Handbook for further information.
Investment option(s) 8 investment options
Payment frequency Yearly
Size of payments Any amount selected by the member,
above the statutory minimum annual
requirement. The amount must be above
a certain prescribed minimum level
and below a maximum of 10% of your
pension account balance for Transition to
Pension term Until the account balance reaches $0
– influenced by the starting amount,
payments selected, commutations,
investment earnings, fees, costs and taxes.
Reversionary beneficiary1 allowed Yes
Additional contributions No
allowed after commencement?
Minimum investment amount $10 000
Investment earnings tax free Yes
Assessable against Social Security Fully assessable
Assessable against Social Security Yes – less Social Security deductible
income test amount
Default investment option Conservative option
Pension administration fee $7.50 per week
1. Reversionary beneficiary – The person who you nominate to automatically continue to receive your pension
upon your death. Please refer to the MTAA Super Pensions Handbook for a detailed definition.
MTAA Super’s Business
Brett Dolling 02 9213 4236 How we can help
Joshua Gaughan 02 9213 4274
The team at MTAA Super is committed to helping you. Our experienced staff can
Andrew Gledhill 02 9213 4239
provide further information or assistance with your pension arrangements. Contact us
Graham Millar 02 9213 4237 on 1300 362 415 between 8.00 am and 7.00 pm EST Monday to Friday.
Diedre Bell 07 3422 7703
MTAA Super conducts regular education seminars across Australia. The seminars are free
Peter Jones 07 3422 7702
of charge. Each session runs for approximately two hours and includes a break for
Lynne Wilkinson 07 3422 7704
SA and NT Among the topics covered are:
Asta McCormack 08 8291 2025 features and benefits of MTAA Super
Craig Walker 08 8291 2019
making contributions, including salary sacrificing and voluntary contributions
VIC and TAS
Dianne Chitty 03 9829 1274 lump-sum withdrawals and superannuation pensions
Scott Harris 03 9558 6822 retirement planning.
Peter Mitchell 03 9230 5833
Sue Schlesinger 03 9558 6822 Details of the seminar program can be obtained from the MTAA Super website,
Eric Vine 03 9558 6822 www.mtaasuper.com.au or by contacting us on 1300 362 415.
WA Financial planning
Phil Seals 08 9453 7981 MTAA Super members have access to fee for service financial planning advice through
Richard Stuttard 08 9453 7982 Industry Fund Financial Planning (IFFP). Contact us on 1300 362 415 and we will put you
in touch with an adviser for an obligation-free consultation.
Industry Fund Financial
Members Equity banking services
Planning2 MTAA Super members have access to comprehensive banking services through Members
ACT Equity Bank. To find out more, or to obtain a Product Disclosure Statement, call Members
Julie French3 02 6273 4333 Equity Bank on 13 15 63 or visit www.membersequitybank.com.au. You should
NSW consider the Product Disclosure Statement when making decisions about these products.
Hernan Reyes 02 9213 4271
How to apply
Sharyn Hampson 08 8942 3904 To apply, contact us on 1300 362 415 or visit www.mtaasuper.com.au for a copy of
the MTAA Super Pensions Handbook.
Andrew Bailo 07 3233 6663 MTAA Super
Locked Bag 15
SA Haymarket NSW 1236
Robert Last 08 8125 2500 Telephone 1300 362 415
TAS Facsimile 1300 365 142
Ken Drake 03 6224 1007 Email firstname.lastname@example.org
Rod White 03 9657 4286 State offices
Damien Foley 03 9657 4367 Sydney Level 5, 477 Pitt Street, Sydney NSW 2000
Melbourne Level 2, Casselden Place, 2 Lonsdale Street, Melbourne VIC 3000
WA Canberra Unit 6, Ground Floor, 33 Allara Street, Canberra ACT 2601
Wayne Branscombe 08 9463 3937 Perth Level 2, 12 St Georges Terrace, Perth WA 6000
Adelaide Level 2, 104 Frome Street, Adelaide SA 5000
Brisbane Level 11, 120 Edward Street, Brisbane QLD 4000
www.mtaasuper.com.au Hobart Level 2, 119 Macquarie Street, Hobart TAS 7000
1. MTAA Super’s Business Development Managers are authorised representatives of the Motor Trades Association
Telephone: 1300 362 415 of Australia Superannuation Fund Pty Ltd (AFSL 238 718). 2. Industry Fund Financial Planners are representatives of
Industry Fund Services Pty Ltd (AFSL 232 514), which is responsible for the financial services provided by its representatives.
Facsimile: 1300 365 142 3. Julie French has a dual role; she is also the Business Development contact for the ACT.
This notice is issued by the Motor Trades Association of Australia Superannuation Fund Pty Limited (ABN 14 008 650 628,
AFSL 238 718), Trustee of the MTAA Superannuation Fund (ABN 74 559 365 913, SPIN MTA0100AU). The information
provided is of a general nature and does not take into account your specific financial needs or personal situation.
You should assess your financial position and personal objectives before making any decision based on this information.
An Industry We also recommend that you seek advice from a licensed financial adviser. The MTAA Super Pensions Product Disclosure
Statement (PDS) an important document containing all the information you need to make a decision, can be obtained
by calling MTAA Super on 1300 362 415. You should consider the PDS in making a decision. 5407-07/09