During your retirement, your lifestyle and personal situation may vary. This means you may need to adjust your pension payment amount from time to time. With a Mine Super pension account you can choose how much you’d like to receive and how often you’re paid.
You can calculate your minimum payment amount by using the latest figures on the government’s MoneySmart website.
How to change your pension amount
There are three quick and easy ways to change your pension payment amount and / or frequency.
1. Do it yourself online
Log into your online account and go to My pension details to get started.
2. Call us
Call us on 13 64 63 to make changes over the phone.
3. Complete a form
Download the Update your pension details form, complete all fields and return it to us. We’ll progress your request within five business days of receiving your completed form.
Things to consider
When choosing an annual payment amount, you should consider your financial circumstances and retirement needs now, and into the future. It’s also important to consider if pension payments will affect your Age Pension eligibility.
If you’re unsure, don’t forget we’re here to help. You can give us a call on 13 64 63 or email help@mine.com.au.
If your needs are more complex, we can put you in touch with a financial adviser from Mine Super Financial Advice.