The Brighter Super Retirement Reward

The Retirement Reward is a potential reward for eligible members who hold a Brighter Super Accumulation or TTR account and take up an income stream with us.

Basically, it’s a dollar reward that gives you a portion of the tax we’ve set aside to pay the Australian Taxation Office when growth assets (like shares) are sold.

But when a Brighter Super member takes these growth assets from their Accumulation or Transition to Retirement TTR account (which are taxed) into Brighter Super Pension account (which is not taxed), then no tax is paid when/if the assets are sold at a profit.

This unpaid tax available is then available as a reward for retiring with us. We call it the Retirement Reward.

How the Retirement Reward is calculated

The reward is paid into your income stream account. The amount of your reward depends on a number of things:

• The amount of money you transfer to an income stream account
• Current investment market conditions
• The amount of tax we’ve set aside
• What you’re invested in during the period leading up to your transfer
• And the investment options you’re invested in at the time you transfer.

It’s important to know that there may be times when there is no reward, and this will be as a result of any or all of the above.

Be aware of the 12 month rule

If you’re eligible for a reward you need to be aware of the rule concerning withdrawals¹ from your income stream account within your first 12 months.

If you withdraw 75% or more of your income stream account balance within 12 months of receiving a reward, your entire reward will be reversed. Once you’ve passed the 12-month period, you can make a withdrawal and still keep the entire reward.

Retiring soon?

If you're considering retiring in the next 6–12 months, now might be a good time to speak to one of our financial advisers.