Immediate payments

Liquid Lifetime (Immediate payments)

Delivers guaranteed regular income for life from a truly defensive investment.

Flexibility and choice to help meet your goals with guaranteed regular payments for life

Turn your super or savings into a guaranteed regular income stream for life. You can choose the option that best meets your specific needs.

Fixed payments mean you don’t need to worry about the performance of investment markets or movements in the RBA cash rate.

To help protect against inflation risk, payments can be fully or partially indexed to CPI or alternatively your payments can be linked to the RBA cash rate.

Payment summary

Liquid Lifetime (CPI, Partial CPI, Nominal and RBA cash-linked payments options) choices pay a guaranteed regular income for life in return for a lump sum investment.

You will receive guaranteed regular payments for the rest of your life (and your spouse’s life if you choose) no matter how long you live or how share markets perform.

You can choose:

  • Full CPI indexation - payments are indexed annually in-line with changes in CPI.
  • Partial CPI indexation – payments are indexed annually in line with any increase in the CPI that is greater than 2%, for example if the change in CPI is 3% payments will increase by 1%. If the change in CPI is negative, payments will reduce.
  • RBA cash rate linked payments. Payments will change whenever there is a change in the RBA cash rate.
  • No indexation - fixed payments that never change.

You can cancel the investment at any time during your life expectancy, up to a maximum of 27 years (rounded down to a whole year) so you have access to a lump sum if you need it. The maximum withdrawal value starts at 100% of the amount invested and steadily reduces to nil.

For more information about this option, read the PDS, or talk to your financial adviser about whether this is the option for you.