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Guaranteed Allocated Pension

Challenger Guaranteed Allocated Pension has been designed as a simple and cost-effective way to convert your superannuation savings into secure and regular payments when you are transitioning to, or in, retirement.

The Challenger Guaranteed Allocated Pension allows a simple and flexible way of receiving regular payments with the benefit of concessional tax treatment if you are aged 60 and over.

Challenger Guaranteed Allocated Pension offers two investment options:

  • Guaranteed Fixed Rate
    Designed for investors looking for a low-risk investment for a known period of time and capital protection, this option has investment terms of one to ten years with earning rates fixed at the time of your investment. 
  • Guaranteed Cash
    Designed for investors looking for a low-risk investment and capital protection, this option has an earning rate set weekly, giving you flexibility to switch all or part of your investment to a fixed rate option at any time.

The Challenger Guaranteed Allocated Pension can help you manage market volatility by providing a certain income stream from this part of your superannuation savings. It can be commenced using superannuation contributions and rollovers of existing superannuation benefits. The minimum investment amount is $10,000.

Transfer Balance Cap

From 1 July 2017, there is a $1.6 million limit on how much of your superannuation can be transferred to an income stream in retirement phase known as the 'transfer balance cap'. This means the capital investment amount in a Challenger Guaranteed Allocated Pension from 1 July 2017 will count towards your transfer balance cap when it commences.

The value of an existing Challenger Guaranteed Allocated Pension as at 30 June 2017 will also count towards your transfer balance cap from 1 July 2017.

For further information on the transfer balance cap please refer to the ATO website or speak to your financial adviser regarding your individual circumstances. If you require an estimated value of an existing guaranteed allocated pension, please call Investor Services on 133 566.

For more information, speak to your financial adviser, order or download a product disclosure statement or call our Investor Services team on 13 35 66.