Income options

Your income options

Your pension account is market-linked. This means it generates an annual income which changes depending on the performance of your investment option and the term of your pension.

When you opened your RI Term Allocated Pension account, you decided how long your income would last by choosing a term within Australian Government limits.

You can’t change the length of your term, but you can:

• Choose to be paid monthly, quarterly or annually 
  You can change how often you’re paid at any stage. Please call us on 13 43 72 for a copy of the payment variation form.
• Choose your investment option 
While you can’t change your term, your investment option could make a difference to how much you earn each year and over the term of your pension. You can choose which option or type of assets your pension is invested in based on different levels of expected risk and return.

Learn more about your investment options or find your investment style.

How your income is calculated

At the start of each financial year, we work out your annual income by dividing your account balance on 1 July by the Pension Payment Factor. This is the rate that corresponds with the number of years remaining in your pension term. When your pension reaches the end of its term, we’ll pay you any balance remaining in your account.

If you have any questions about how your RI Term Allocated Pension works, please call us on 13 43 72.