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Zurich Account-Based Pension

Closed to new members from 1 October 2021

A plan that provides you with a regular income when you reach retirement.

The Zurich Account-Based Pension is designed to help you enjoy financial independence in retirement by paying you a regular income throughout the year at frequencies you choose. It includes a choice of investment options to suit all risk profiles.
 

Key features include:

  • Automatic investment adjuster that reduces investment risk as you get older.
  • Competitive fee structure based on a 'stepped' structure.
  • Flexible payment options that can be changed at no cost.
  • Regular income paid tax-free to members over the age of 60.
  • The ability to access your money at any time.
  • Any balance at your passing will be paid to your beneficiaries as a pension or lump sum.
     

Investment options to suit you

Members of the Zurich Account-Based Pension plan can select from a range of professionally constructed investment options managed by strategic investment partners who are recognised as being amongst the best in their area of expertise. By combining these specialist investment managers with Zurich’s excellence in customer service, we are able to offer an exclusive range of investments to Australian investors.

2019 Zurich Superannuation Plan and Zurich Account-Based Pension Information Booklet on investment options 887 KB, pdf
Zurich Investments - Global expertise, Specialist application, Unique products 149 KB, pdf

How to apply

When you apply you need to complete and submit the relevant application form attached to a current Product Disclosure Statement together with your initial investment.

Applications for Zurich Superannuation Plan are made through financial advisers. Talking to a financial adviser means you can tailor your plan to your individual circumstances.

If you would like assistance in contacting a financial adviser, please call Zurich Customer Care on 131 551 or email: client.service@zurich.com.au

Temporary reductions - retirement income minimum drawdown rates

For many retirees, the significant losses in financial markets as a result of the COVID-19 crisis are having a negative effect on the account balance of their superannuation pension or annuity.

To assist retirees, the Government has reduced the minimum annual payment required for account-based pensions and annuities, allocated pensions and annuities and market-linked pensions and annuities by 50% in the 2019/20 and the 2020/21 financial years meaning retirees avoid the need of having to sell investments assets and realise losses in a depressed market.

Click here for more information on your income options for the 2019/20 and 2020/21 financial years.

Find an adviser

Choosing the right superannuation or retirement income plan to suit your individual needs is an important decision. If you need help in finding a financial adviser, you may want to try one of the following websites:

ASIC’s MoneySmart website also has valuable information on what to look for when choosing a financial adviser.