Equip MyPension

Retire with confidence 

Knowing how much income you'll have in retirement, and how long it might last, can help you plan ahead with confidence. Equip MyPension takes the guesswork out of the equation.

MyPension is an innovative product that provides you with a regular retirement income, while simultaneously looking after your investments, and helping your savings last longer.

Founded on a three-bucket strategy commonly used by financial planners, Equip MyPension automatically rebalances your investments each year, allowing you to 'set and forget' your retirement income. 

How does Equip MyPension work?

When you set up an Equip MyPension account, your super is separated into three distinct investment 'buckets': 

• Cash – For regular income payments, usually comprised of three years income  - 21%
• Conservative – Investments in low risk categories including cash and bonds  - 39.5% 
• Growth – Investments to grow your savings, subject to short term fluctuations - 39.5%

The clever thing is how these buckets work together over time. When investment markets are good, any earnings in the conservative and growth buckets go into the cash bucket, locking in your gains. We automatically do this for you every April, so you don't have to think about it.

If markets experience a downturn, we’ll leave any buckets that lose value untouched at the end of year, to allow them to recoup losses in future years.

But regardless of where markets are headed you remain in control of your money, as you can make partial or full withdrawals at any time, and leave any remaining benefit to your dependent.

You don't need a massive super balance

You can start Equip MyPension with as little as $50,000. However, depending on your income needs, the product will work more effectively if you have something around the average Australian super balance of around $200,000 or more.

You can choose your annual income (within legislated minimum limits) and how often you want to be paid. Our research shows that Equip MyPension works well when you take out 7% (or less) of the initial account balance as income per annum. 

You can draw down lump sum payments in addition to your regular income and, if you do, those drawdowns will be from your Conservative and Growth buckets, leaving your Cash investments unchanged.

How do I apply?

To apply for Equip MyPension, you will need to complete/provide the following documents: 

•    Application for Equip MyPension form
•    TFN declaration form (if you’re under age 60)
•    Roll your super into Equip form (if you’re rolling in funds from other super funds)
•    A copy of your bank statement
•    Certified identification 

You can find all the required forms in the PDS below. Once completed, attach your documentation and send to us at: Equip, GPO Box 4303, Melbourne VIC 3001.