Allocated Pension
The NCSF Allocated Pension gives you the flexibility to choose your own annual income. Members place lump sum superannuation amounts in their Allocated Pension accounts and select their investment option. Tax exempt investment earnings are added to the account. An administration fee, currently $30 per month, is deducted. Members decide how much they want to receive as a regular pension payment (within legislated minimum and maximum annual limits).
Transition to Retirement Allcoated Pension (TRAP)
The NCSF TRAP offers members between the ages of 55 and 64 who have not yet retired from the workforce access to their superannuation through a TRAP. The TRAP has all the same features of an Allocated Pension except that commutations (lump sum payments) cannot be made until you retire permanently from the workforce or reach age 65.
If you have retired or are about to retire, you will be looking for a fund that ensures your investment generates the kind of returns that will maintain comfort in your retirement.