Fixed term annuities
A fixed term annuity provides a regular payment for a fixed period of time. Challenger's fixed term annuities also let you select:
- The amount you invest
- The term of your investment (between one and 50 years)
- How often you're paid
- Whether you want fixed payments, or your payments to be indexed by a fixed percentage or the Consumer Price Index (CPI)
- How your original investment amount is returned to you - all at the end, throughout the term of your investment, or a combination
An earnings rate is determined when you apply to invest so that you know what your regular payment will be, giving you certainty from this part of your overall investment portfolio.
Challenger's fixed term annuities can be bought with either superannuation money (if you are 60 or over) or non-superannuation money.
The minimum investment amount is $10,000.
Product range
| Product | Description | Download |
|---|---|---|
|
Challenger Guaranteed Annuity |
Standard fixed term annuity |
PDS |
|
Challenger Guaranteed Income Plan* |
Fixed term annuity where the rates take into account commissions paid to advisers |
PDS |
|
Challenger Guaranteed Annuity (Complying) |
Assets Test exempt complying annuity |
PDS |
|
Challenger Guaranteed Income Plan (Complying Annuity)* |
Assets Test exempt complying annuity where the rates take into account commissions paid to advisers |
PDS |
*Note: under the Future of Financial Advice (FoFA) reforms from 1 July 2013 all new investor arrangements for payments to their advisers must be on a fee for service basis.
For more information, order or download a product disclosure statement or call our Investor Services team on 13 35 66.