Thinking about saying hello to retirement? We've got the answers.

If you're ready to leave work behind but not the thought of a regular salary, an Account Based Pension may be the answer. Opening an Account Based Pension lets you use your super to receive a regular income in retirement. The benefits include:

Defer lump sum tax

You can continue to invest your savings and defer any lump sum tax.

Choose how often you get paid

You can receive regular monthly, quarterly, half yearly or yearly payments.

Choose how much you get paid

You can choose the level of your pension payments as long as they are within Government limits.

Draw down lump sums

You have the option to draw up to three lump sum payments a year, or the entire account value (not available to Transition to Retirement pensioners).

Pay less tax

If you're age 60 or over, no tax is payable on your pension income or investment earnings.

Take care of loved ones

You can set up your Account Based Pension to pay either a reversionary pension to your spouse, or a lump sum to your dependants, after you've gone.

Perhaps you want to gradually ease your way into retirement by reducing your work hours, but are worried about living off less income? A Transition to Retirement Account Base Pension may be the answer.

If you've reached your preservation age (between 55 and 60 depending on when you were born) and are still employed, you can use your super to establish a Transition to Retirement Account Based Pension. A Transition to Retirement Account Based Pension lets you reduce your work hours while providing a regular income that supplements your reduced salary.

You can also use a Transition to Retirement Account Based Pension in combination with salary sacrifice to give your super a boost while still working. To get an idea of how this strategy might work for you, read Live the life you want – Your guide to retirement planning. Before adopting this strategy, you might also want to talk to an ANZ Staff Super financial adviser* on 1800 000 086.