Immediate payments

Liquid Lifetime (Immediate payments)

Challenger's Liquid Lifetime (Immediate payments) gives your client an additional layer of protection in retirement and can act as a safety net giving them guaranteed income for life, regardless of how long they live or how share markets perform.

Choose this option if your client wants income certainty.

Your client will receive CPI indexed payments for life that start a month after investment. Alternatively they can ask to have payments fixed (so that they never change), partially linked to CPI, or linked to changes in the RBA cash rate (so that they move up and down whenever the cash rate changes).


  • Your client can use their super or personal savings to invest.
  • Monthly payments for life (and their spouse’s life if they choose).
  • Payments start a month after investment.
  • Payments keep pace with inflation (CPI indexed payments).
  • Payments are guaranteed regardless of how investment markets perform.
  • Monthly payments are tax-free if your client uses their super to invest.
  • Up to 100% of your client's investment is repaid to their nominated beneficiaries or estate if they die within the withdrawal period*.
  • It has a withdrawal value for a period based on your client's life expectancy – just in case their circumstances change and they no longer require lifetime income*.
  • A potential boost to your clients' Age Pension entitlements under Age Pension rules.

* You can ask us to change these features in return for different starting payments. But the choice is totally yours.

For more information about this option, read the PDS.

Important notes: Age Pension benefits described above will not apply to all individuals. Age Pension outcomes depend on an individual (or couple’s) personal circumstances and may change over time. While lifetime income streams may immediately benefit some Age Pension eligible retirees who are assessed under the assets test, in later years, if assessed under the income test, any ongoing Age Pension benefits may be reduced.