Pensions & Annuities

Turn your super into reliable income with pensions and annuities tailored to you

Understanding Pensions & Annuities

As you approach or enter retirement, one of the most important questions becomes: How do I turn my superannuation or savings into a reliable income stream? That's where pensions and annuities come in.

These financial products are designed to help you convert your retirement savings into regular, dependable income, so you can enjoy life after work with peace of mind.

What is a Pension?
What Is an Annuity?

A retirement pension (also known as an account-based pension) is a flexible income stream that you can start once you reach preservation age and retire. It's funded by your superannuation and allows you to draw regular payments, monthly, quarterly, or annually, while the remaining balance stays invested.

Key benefits include:

Flexibility: You can choose your payment frequency and adjust amounts within minimum/maximum limits.
Tax benefits: For individuals over 60, pension payments are generally tax-free.
Access to capital: You can withdraw lump sums if needed.

However, since account-based pensions depend on market performance and withdrawals, your balance may eventually run out.

An annuity is a product you purchase (typically with super or personal savings) that guarantees a fixed income for a set period or even for life, depending on the type of annuity.

Benefits of annuities include:

Guaranteed income: Not affected by market volatility.
Longevity protection: Lifetime annuities ensure you don't outlive your savings.
Simplicity: Once set up, payments are predictable and automatic.

Unlike pensions, annuities are more rigid; you usually can't access the lump sum once it's invested, so they're best suited for those seeking certainty over flexibility.

How Focused Advisers Can Help

At Focused Advisers, we help you explore the right combination of pensions and annuities to match your lifestyle goals, risk tolerance, and income needs in retirement.

Whether you prefer the flexibility of a pension, the security of an annuity, or a mix of both, our advice is tailored to help you retire with confidence.

Let's create a retirement income plan that works for you, now and into the future.

Explore your Pensions & Annuities Options

Book a free intro call with one of our experienced financial advisers and discover how Pensions & Annuities can give you peace of mind, no matter what life throws your way.

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