A pension with Media Super gives you the flexibility to choose your preferred payment amount and frequency.
When you roll all or some of your accumulated superannuation into a pension account, it works in much the same way as your super account – the account is in your name, you can invest to suit your circumstances and you receive regular statements.
Your super account may be split into Tax-free and Taxable components, depending on the type of contributions that have been made - employer Superannuation Guarantee contributions form part of the Taxable component.
The proportion of these components is set when you start your pension, and any payments made, whether pension or lump sum, are paid in that proportion.
Your payments will be credited directly to your nominated bank account or financial institution.