Before you start a FirstChoice Wholesale Pension, please download and read our Product Disclosure Statement. This document includes all the information you need to make an informed decision about the product and whether it’s right for your needs.
Opening a FirstChoice Wholesale Pension
Your super account – which you pay your contributions into – does not pay your pension directly. Instead, some or all of your super money is transferred into your FirstChoice Wholesale Pension account.
In your application, you’ll need to confirm:
the amount you want to transfer to your pension account – taking into account your transfer balance cap. You can find out how much that is on the Australian Taxation Office website
the payment you’d like to receive – the minimum amount or more
whether you’d like your payments to increase every 1 July by inflation, a set percentage or stay level and only increase in line with the minimums
if you want to nominate a beneficiary such as your spouse to receive your pension after you die, or other beneficiaries, such as your children, to receive lump sum payments once you pass away
how you want the money in your pension account invested
Once you know how much you’d like to place in your pension account, simply fill out an account opening form and send it back to us by:
Uploading the form online
Upload a scanned copy of the completed document by logging into our secure online portal under My Account > Upload a scanned form.
Posting the form to us at:
Colonial First State
Reply Paid 27
Sydney NSW 2001
We’ll process your completed form within five working days of receiving it. If the form is incomplete, or we need to ask you for more information, a member of our team will be in touch.