Capital Guaranteed Pension Account

Australian Military BankTransaction Account

Min Rate

5.40%

Max Rate

5.40%

Comparison Rate

N/A

Annual Fee

$0

Features & Conditions

  • Repayment TypeStandard
  • Interest Free DaysN/A
  • PurposeGeneral

Loan Terms

  • Minimum TermNo Minimum
  • Maximum TermN/A

Product Overview

Capital Guaranteed Pension account is a complying account based pension. Account based pensions are designed to convert your accumulated superannuation into a tax effective income stream. This income is paid into your nominated bank account. The minimum amount you draw from your pension account each year is subject to a pension factor set by the Government and other Government prescribed pension standards.