Glossary

account-based pension The most popular type of superannuation pension. A series of regular payments from a superannuation fund account. The rules require that a minimum pension amount is paid each year.

accumulation phase The period of time when a super account is growing in anticipation of the fund member’s retirement at some later date. In short, a superannuation account that is not in the pension phase.

after-tax return The investment return after any tax payable on that return has been deducted.

Age Pension A guaranteed taxpayer-funded pension for eligible Australians, paid fortnightly by the government.

Age Pension age The age at which you can apply for the Age Pension, determined by your date of birth.

aggressive investment ...

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