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.