Sunsuper for Life - Income Account

Winner of the 2018 Fund of the Year and Pension of the Year awards, Sunsuper for Life aims to provide a whole of life solution helping members manage their super from the beginning of their working life through retirement. The fund has an extensive investment menu of 19 Diversified and Single Sector options, including both actively managed and index investment strategies. The Balanced option has outperformed the SuperRatings Index over the short and long term, providing members with top quartile returns.Fees for the Balanced option are lower than the industry average across all assessed account balances. No establishment, contribution or investment switching fees are applicable, although an exit fee does apply. Sunsuper for Life Income Account provides members with a good level of pension features and flexibility, with the ability to choose from multiple payment frequencies, ranging from fortnightly to annually. A fixed percentage drawdown order is available, alternatively, members can elect to have their payments made proportionately across their account balance. The fund's award winning 'Retirement Bonus' initiative, provides eligible members with a payment of up to $4,800 when moving from their Super Savings account to Retirement Income account.Members can choose the 'Today and Tomorrow' strategy at commencement which allows the allocation of 2 years of annual pension payments to the Cash option, with the remaining balance invested in the Retirement option. Access to financial planning services, free seminars and online education tools including The Dream Project is also available to members.