Deferred Annuity

Deferred annuities are life insurance products designed to support you during your retirement. Depending on your type of plan, they can offer you the ability to have a fixed income paid to you in the future, from a date you choose once you’re retired.

You can choose to receive deferred annuity payments for a set period (the term), for example over a 10-year period, or you can choose to receive payments for the rest of your life. You generally make this choice when you purchase the product, and it's important to note that the longer you receive payments, the lower the payments you receive are likely to be.

For some other deferred annuities, the plans started with a lump sum contribution (Eligible Termination Payments) and only accept Eligible Termination Payments and rollovers. By using an Eligible Termination Payment to purchase a deferred annuity, a policy owner defers paying lump-sum tax and receives accumulated benefits at concessional rates of tax.

Delays to 30 June 2024 Annual Statements

An unexpected technical issue has caused a delay in the delivery of the 30 June 2024 Rollover Fund and Roll-over Bond Annual Statements. We are close to resolving these issues and will issue statements as soon as possible.

Please accept our apologies for any inconvenience this delay has caused. It is not the level of service we aim to provide. We thank you for your patience.

Should you have any queries or require information on your account, please contact us on 133 731.