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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 expect to issue statements early March 2025.
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.
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What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.
