Capital Guaranteed Pension
Tax free income
for over 60s
Capital
Guaranteed
Online
access
Overview
The main features of the Capital Guaranteed Pension Account are:
- No entry or investment fees
- Nominal administration fee of $5 per month
- Your choice of pension payment frequency (monthly, quarterly, half yearly, annually)
- Online access
- Tax free income for members over 60 years of age
- Capital guaranteed – no risk of negative returns
- Fixed term and variable rate investment options
- Covered by the Financial Claims Scheme
- Asset class 100% cash
Rates & Fees
Here are the rates and fees for the Capital Guaranteed Pension Account:
- Minimum opening investment $50,000
- Minimum ongoing balance $6,000
- Minimum term deposit investment $20,000
Variable Rate Investment Option*
| Balance | Interest Rate |
| $0 - $9,999 | 0.25% p.a. |
| >$10,000 | 0.25% p.a. |
Fixed Term Investment Option^
| Term | Interest Rate |
| 12 months | 4.80% p.a. |
| 24 months | 3.95% p.a. |
| 36 months | 3.95% p.a. |
*Interest is calculated daily and paid monthly to members' accounts.
^Minimum investment is $20,000. Interest is calculated daily and paid at maturity to members' accounts.
There are no entry or investment fees. Additional fees may be payable. For information about fees and costs please refer to the Product Disclosure Statement.
Questions
Here are most frequently asked questions about the Capital Guaranteed Pension. If you have questions or like to have general product discussion, please call us on 1300 13 23 28.
Is there a minimum balance needed to open a Capital Guaranteed Pension Account and keep it active?
Yes. An investment of $50,000 is needed to open an account, and an ongoing balance of at least $6,000 is needed.
Can I choose between fixed or variable investment options?
Yes, you can choose between fixed and variable investment options depending on your requirements. A minimum of 20% of the balance is required in the variable option.
Can I invest in fixed term option to earn interest?
Yes you can, You can invest in single or multiple fixed term options as far as you meet the minimum investment amount of $20,000 per fixed term. Please note you will be required to maintain 20% of account balance in variable interest option.
What does ‘Capital Guaranteed’ mean?
Capital Guarantee means that your investment is shielded from negative returns.
How can I access my account?
You can view your account online through our dedicated superannuation portal.
