Start a pension - I Choose BUSSQ - BUSSQ

Start a pension - I Choose BUSSQ

BUSSQ Pension Choice is a product designed to suit you and your lifestyle needs, whether you are winding down to retirement or already retired. Setting up a BUSSQ Pension account is easy and we can help you along the way.

4 easy steps to start your BUSSQ Pension

Step 1 – Do your homework

  • Make sure you are eligible and have reached you preservation age. This is the minimum age, required by law, which you must have reached to access your super. For more information see Retirement Age and when you can retire.
  • Make sure you have the minimum amount to invest. To start a BUSSQ Pension the minimum investment amount is $25,000. You don’t have to have an existing account with BUSSQ to start a BUSSQ Pension. The money can come from more than one source e.g. an approved deposit fund, retirement savings account or sale of investment. But the money must be in the superannuation system before it can move across to a pension.
  • Review the BUSSQ Pension Product Disclosure Statement to ensure you have all the information about the BUSSQ Pension product and how it works.

Step 2 – Speak to one of our Financial Planners

  • Make an appointment with a BUSSQ Financial Planner to work out the best options for you. They will give you advice on:
    • Retirement planning and pensions including ways to improve how much Centrelink Age Pension you receive.
    • Transition to Retirement (TTR) pensions and other associated benefits
  • Come along to a BUSSQ Financial Future Session which are run throughout Queensland. For more information see Book into a free Financial Future Session.

Step 3 – Make some decisions

A BUSSQ Financial Planner can help you with the below decisions. There are a number of things you need to consider so it is a good idea to get some advice.

  • How much money you want to receive
  • The frequency of your payments
  • What investment options do you want your pension invested in
  • Who will be your beneficiaries

Step 4 – Complete the forms

You will need to complete and provide the following forms to BUSSQ.

Remember, if you have any questions along the way BUSSQ is there to help. Book in to speak with a BUSSQ Financial Planner today and get your retirement sorted.