Each year CANSTAR researches and rates account based pension funds across Australia to determine which ones offer outstanding value for money. This year we looked at 66 different products from 59 superannuation providers. The ING DIRECT – Living Super Pension product was a winner, receiving a five star rating for outstanding value across all three profiles assessed.
With age pension eligibility rules being tightened and a low official cash rate, there’s no doubt that income is very much top of mind for many self-funded retirees at the moment. For many retirees account based pensions provide a tax-effective income stream in retirement and each year CANSTAR researches and rates public offer account based pension funds across Australia to determine which ones offer outstanding value for money.
How much will you need in order to have a comfortable retirement? According to the Association of Superannuation Funds (ASFA), those retiring now would require an after-tax income of $42,604 for a single or $58,364 for a couple (after all, there are economies of scale) in order to be comfortable. You can check ASFA’s most recent Retirement Standard calculations here.