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PDS and handbooks

May 30 2020

Our Product Disclosure Statements (PDS) and Handbooks contain detailed information about your fund - such as costs, benefits and risks.

PDS: Accumulation Plan

Incorporated guides

PDS: ESSS Defined Benefit Fund

PDS: Income Streams

Important notice:

Changes to minimum drawdown rate for Working Income Stream and Retirement Income Stream

As part of the Government’s economic response to coronavirus, the Government is temporarily reducing superannuation minimum drawdown requirements for account-based pensions by 50 per cent for the 2020 and 2021 financial years. This measure will benefit members of the ESSSuper Working Income Stream and Retirement Income Stream by reducing the required minimum pension payment from your investment option(s) to fund income stream payments.

All income streams members must elect to receive a pension payment amount which is at least the minimum percentage amount required according to the age bracket you fall into. The minimum drawdown rate for your age bracket has been reduced by 50% for the 2020 and 2021 financial years. The new reduced drawdown rates are shown in the following table below.

Age Previous minimum drawdown rates % New reduced rates for the 2020 and 2021 financial years (%) 
Under 65 4 2
65-74 5 2.5
75-79 6 3
80-84 7 3.5
85-89 9 4.5
90-94 11 5.5
95 or more 14 7

For new members, if you select the ‘Minimum payment amount’ option, the new reduced rates will be used for 2020 and 2021 financial year.

For existing members, you can complete the following form to reduce your payments to the new minimum rate for 2020 and 2021 financial year. Income Stream Payment Change Form (E137) (PDF 76.8KB) . The completed form can be posted back to us or emailed to info@esssuper.com.au

 

PDS: Beneficiary Account

Incorporated guides

Handbooks: State super funds