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.
Will i get age pension If i also have an account-based pension?
The amount of Age pension you are entitled to is determined by applying an income test and an assets test. The test that results in the lowest Age pension being paid to you is the one that Centrelink will apply. However, this may change over time. Under the assets test, the whole balance of your account-based pension will be assessed.
Only part of your pension income will be assessed under the income test for account-based pension commencing before 1 January 2015. The whole balance for pension commenced on or after 1 January 2015 will be deemed for income test purposes.
Turn your super into income
Receiving regular payments just like when you were working means you can enjoy your retirement. You can use the income paid from your Hejaz Islamic pension account to top up 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 any time.
Keep your super working for you
Keeping your money invested once you’re retired allows your savings to continuously grow. You can have peace of mind knowing that Hejaz has a history of long-term strong returns*.
*Past performance is not a reliable indicator of future performance. Always check the PDS before deciding to invest.