Meaning Account-based pension
What does Account-based pension mean? Here you find 4 meanings of the word Account-based pension. You can also add a definition of Account-based pension yourself
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Account-based pensionPreviously known as an Allocated Pension. An Account-based pension is a pension purchased with superannuation money upon retirement. You can choose the amount of pension you receive each year within m [..]
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Account-based pensionA pension purchased with superannuation money on retirement. You can choose the amount of pension you receive each year within minimum and maximum levels set by law. Your super money is progressively [..]
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Account-based pensionis flexible retirement income stream with unlimited access to capital and flexible income payments (subject to Government prescribed minimum payment limits) but with no guarantee on how long the inves [..]
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Account-based pensionan individual investment account set up with superannuation benefits from which a retiree draws a regular income.
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