With Media Super, you can choose the frequency of your payment - monthly, quarterly, six-monthly or yearly - and you can choose the month you’d like your payments to commence.
Media Super payments are made on the 15th day of the month. If the 15th day of the month falls on a weekend or public holiday, the pension payment will be made on the last business day preceding the 15th.
You can change the frequency of your pension payments at any time via your online account or by completing and returning a Request to vary pension payment form.
You must receive at least one pension payment each year, within your minimum and maximum (if applicable) limits. However, if you commence your pension on or after 1 June in any financial year, no minimum paymnet is required to be paid to you in that financial year. .
Note: It is important to note that pension payments cannot be made directly from the LifetimePlus investment option, and that different conditions apply to payments and withdrawals from the LifetimePlus investment option. For further information, please refer to the LifetimePlus Product Disclosure Statement.