Islamic Account Based Pension
Take a deeper look into an Islamic Account-Based Pension, retire at 65 but don’t retire your money. Whether retirement is just around the corner or still a few years away, we can help you get the most out of your Super.
Top up your age pension with your Super
The Hejaz Islamic Account-Based Pension is designed to help you enjoy financial independence in retirement by paying you a regular income throughout the year at the frequency you choose. This may give you more halal investment returns through your retirement and helps boost how long your savings last, once you’ve reached your preservation age.
What is an account-based pension?
An account-based pension is an alternative option to receiving super as a lump sum. Opening an account-based pension means receiving regular income payments while the balance of your super stays invested – giving you the potential for more investment returns throughout your retirement.
Benefits of an account-based pension
Turn your Super into income
Receiving regular payments just like when you were working while the balance of your Super stays invested means you can enjoy your retirement. You can also use the income paid from your Hejaz FOC pension account to top up the Government Age Pension payments you’re eligible for.
Flexibility and control
You can set up your account in a way that suits you with the amount and frequency of your income payments – you’re never locked in. You can withdraw extra money to pay for bills, holidays, or other big-ticket items at any time.
Keep your Super working for you
Keeping your money invested once you’re retired allows your savings to continuously grow.
Enjoy tax savings
Investment earnings on age pensions in the retirement phase is non tax payable. As your savings continue to grow, there is no tax payable to that amount.
We know that making the transition to Islamic pension can be new and that is why we are here to keep it simple and support you. The transition is easy, apply online in less than 5 minutes. Retire Islamically with Australia’s first and only Islamic Pension Option here. If you wish to speak to one of our qualified financial advisers call 1300 043 529.