REI Super Pension

When you decide you wish to partially or fully retire, you do not need to leave REI Super. 

As an Elite member you will continue to have the same range of investment options that Elite Super members enjoy.

The Fund provides for you to draw on your REI Super account via a pension. REI Super offers two kinds of pensions to Members:

  • Transition to Retirement

  • Account Based

REI Super will handle the administration and end of year reporting – you simply need to indicate your drawdown requirements (within the specified thresholds).

The minimum drawdown percentages are shown below. To calculate your minimum pension payment, multiply the % factor relating to your age by your pension account balance as at 1 July.

Age at start of pension

In 2011/12

In 2012/13

In 2013/14

Under 65

3%

3%

4%

65-74

3.75%

3.75%

5%

75-79

4.5%

4.5%

6%

80-84

5.25%

5.25%

7%

85-89

6.75%

6.75%

9%

90-94

8.25%

8.25%

11%

95+

10.5%

10%

14%

Minimum balance

We recommend you have a balance of $50,000 when establishing a pension product. If you balance is under this amount you may consider increasing it by consolidating other super funds you may have, or adding voluntary contributions.

For more information on REI Super Pension, please contact the REI Super Helpline on 1300 13 44 33 or download the REI Super Pension Product Disclosure Statement or order a copy by sending us your details by email.

To read more about how Transition to Retirement works click here.