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.