About TransPension
If you have more than $10,000 in super and you are eligible to withdraw it, transferring your super to TransPension and accessing your super as income can be a smart, tax effective option.
As a TransPension member, once you turn 60, income and lump sum payments are tax-free and withdrawing super through TransPension rather than cashing it all in at once, may provide you access to greater Government benefits.
TransPension has low fees and charges, and is regarded as a good value for money Australian pension product*.
As a division of TWUSUPER, TransPension is run only to benefit members and all profits are returned to members, not shareholders.
Membership is open to everyone, even your spouse, and with TransPension you have the security of being with an established fund with over 130,000 members and $2.8 billion in assets as at 31 March 2012.
Find out How to join TransPension
Features and benefits
Low fees
All TransPension members enjoy low fees. There are no establishment or termination fees and no fees payable on regular pension payments. The member (administration) fee is a low $1.50 per week.
Two pension options
TransPension is flexible and offers an Account Based Pension (ABP) or a Transition to Retirement Pension (TRAP). See which option is best for you.
Investment choice
- You can choose from three investment options.
- Switch up to once a week.
- Investment switches are free of charge.
Solid investment performance
TransPension's Balanced investment option generated a compound average 5.36% return for members for the 10 years ending 30 June 2011, net of tax, fees and expenses.
See investment returns for more information about investment performance.
Online access to your pension
Using MemberAccess, you can view your account balance, make an investment switch, withdraw a lump sum amount, update your details and more.
All you need is your member number. Register for MemberAccess today.
Straightforward financial advice
Through TransPension you have access to affordable, commission free financial advice either over the phone or in person.
We provide exceptional customer service
Our Client Relations Team will visit at a time and place that suits, to provide any assistance required.
Our Customer Service team can also be contacted on 1800 222 071 between 8am and 8pm (AEST), Monday to Friday.
Communication and education
We provide a free email news service so members can receive relevant updates about super when they need to. Subscribe today.
*TransPension was awarded a 2012 Gold Pension Rating by Australia's leading superannuation ratings agency, SuperRatings, in November 2011.