Equip Super MyPension is an innovative, set-and-forget investment strategy designed to take the hard work out managing your retirement savings.
This page:
Explains how the MyPension ‘three bucket’ strategy works.
Shows how it can provide you with an ongoing retirement income.
Shows you how to open a Retirement Income account and turn on MyPension.
When you choose Equip Super MyPension, we’ll put three years’ worth of your chosen income into the Cash bucket. The remaining balance is then split between the Capital Stable bucket, and the Growth bucket.
Each one of these three buckets has been purposely chosen to meet specific investment objectives:
| Buckets | Objective | What the money is used for |
|---|---|---|
| Cash option | Starting with three years’ worth of income, the money in this bucket is designed to meet your income needs over the short term (generally 2-3 years). | Your income is paid from this bucket. |
| Capital Stable option | This bucket provides some stability over the medium to longer term, with the goal to generate income and some capital growth. | Any earnings in this bucket will top up the Cash bucket. Any lump sum withdrawals are drawn in equal amounts from the Capital Stable bucket and Growth bucket. |
| Growth option | This bucket is designed for your savings to grow and make them last as long as possible. Returns may fluctuate more over shorter time frames than the other buckets, but this bucket is expected to produce higher returns over the long term. | Any earnings in this bucket will top up the Cash bucket. Any lump sum withdrawals are drawn in equal amounts from the Growth and Capital Stable buckets. |
Every April and October, we’ll review all three of your buckets and rebalance your overall portfolio with the objective of maintaining a minimum of two years' worth of income payments in your Cash bucket.
The MyPension investment strategy is only available under our Retirement Income account.
When you open your account, you can select MyPension just like you would any other investment option. If you do not choose an investment option, you will be automatically invested in MyPension.
If you already have an account, you can switch your existing investment options to MyPension by either contacting us directly or completing and submitting the Change investment option form.
Like with our investment options, you can switch out of the MyPension investment strategy at any time.
Just be aware that if you do, you’ll be responsible for managing your investment strategy moving forward, and we would no longer automatically rebalance your account.
You can find out more about Equip Super MyPension in the Retirement Income account PDS.
Getting a little support and guidance from the experts can make a big difference when it comes to choosing the right products for your next chapter and helping you make the move to retirement in the way you want to. And our team is here to help.
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