To open a pension account you must meet at least one of the following criteria:
ANZ Smart Choice Pension is suitable for clients who have met a relevant condition of release and want to draw an income from their pension account. It offers investment choice between a Lifestage option (automatic adjustment of investment mix as you get older) or self-select from a range of multi-asset and single-asset investment options. Additionally, it offers options for insurance in pension.
We'll fast track your application using your existing ANZ Smart Choice Super details.
I don't have an ANZ Smart Choice Super account but I do have an ANZ Customer Registration Number (CRN).
I don't have any banking products or accounts with ANZ.
You can verify your identity as part of opening an everyday banking account. You need this account to receive your pension payments.
You can open an everyday banking account:
Or
After we've identified you and your ANZ bank account is open, you can take the next step and complete an application to open an ANZ Smart Choice Pension account.
This is the number you use to access ANZ Internet or Telephone Banking. Please note, you may experience delays linking your new ANZ Smart Choice Super account with other ANZ bank accounts if you are unable to provide your CRN now.
Due to insurance requirements, you are required to select your assigned sex at birth.
We may contact you via the supplied contact details to discuss your application or account.
If you have previously nominated beneficiaries in your ANZ Smart Choice Super account these instructions will be transferred over to your ANZ Smart Choice Pension account.
You can update your beneficiaries at any time before or after your transfer.
Before starting your pension, we collect the money you'd like to use for your pension (rollovers or other contributions) in an ANZ Smart Choice Super account.
We'll use the information in this application to open your ANZ Smart Choice Super account, along with your ANZ Smart Choice Pension account.
As soon as your pension is up and running we'll close your super account - if you elect a full balance transfer. During this period you will only pay one set of fees.
When you open a pension account a single transfer from your super account is made in to your new pension account. You cannot add to a pension once it has commenced.
Let's check that everything is organised in your ANZ Smart Choice Super before we move your funds to a pension account.
Please enter a valid 15 digit ANZ Smart Choice Super member number. This is a combination of your ANZ Smart Choice Super BSB and account number.
Let's get everything organised before we move you to an ANZ Smart Choice Pension account.
Transfer any other super accounts into your ANZ Smart Choice Super by logging into your ANZ Internet Banking, selecting your super account and following the prompts to consolidate.
We will contact you to assist with consolidating your other super accounts. Before you consolidate into ANZ Smart Choice Super, please consider whether there are any adverse consequences for you, including fees, other loss of benefits (e.g. insurance cover) and increase in investment risks.
Once we start an ANZ Smart Choice Pension for you, it's difficult to add to it. It requires the closure of your current pension and the commencement of a new pension account — so it's important to contribute all the money you want into your super account before we commence your new pension. Please contact Customer Service on 13 12 87 if you need assistance making a contribution.
Subject to meeting the eligibility requirements, member voluntary contributions made with after tax money (take home pay), can be claimed as a tax deduction. You must notify us of your intention to claim these contributions as a tax deduction before you commence a pension.
We will help you to complete "Notice of intent to claim a tax deduction" form if you have eligible contributions and would like to lodge a claim. Please contact Customer Service on 13 12 87 if you need assistance making a contribution.
Subject to meeting the eligibility requirements, prescribed by the ATO, member voluntary contributions made with after tax money (take home pay), can be claimed as a tax deduction. You must notify us of your intention to claim these contributions as a tax deduction before you commence a pension.
For personal contributions made to an existing account, please lodge a notice of intent or variation before transfer. After transfer, we may not acknowledge any further notices or variations, meaning tax may not be refunded. Note, the ATO will disallow a deduction on contributions made after age 67 if the work test or work test exemption is not met.
Please visit ATO for more information on minimum payments.
Please visit the ATO for more information on minimum payments.
Please indicate when you would like to commence your pension payments. Please select a date that gives you time to complete any consolidation or other activities. In general we suggest a date 20-30 days in the future. You can modify this date at any time.
Please enter the details of the ANZ bank account where we are to pay your pension payments. If you don't have an ANZ bank account you can open one online or by calling 1800 008 177 (Mon-Fri, 8am to 8pm AEST/AEDT).
You can choose either the ANZ Smart Choice Super 1950s fund (which is based on your age) or you can make your own investment decision.
Retirement is not far away, so your money is balanced across defensive and growth assets. Defensive assets such as cash and fixed interest provide you greater stability, and growth assets such as shares and property allow you to receive the potential higher returns into retirement. As you approach retirement, your investment mix will automatically increase its weighting of defensive assets to provide greater stability with your savings.
Please select your own investment mix from the range of carefully selected options below. Total allocation must equal 100%.
MultiSeries 30
This investment option is suitable for investors seeking exposure to a diversified range of asset classes and a mix of managers and who can accept some variability of returns.
MultiSeries 50
MultiSeries 70
This investment option is suitable for investors seeking exposure to a diversified range of asset classes and a mix of managers and who are prepared to accept a higher variability of returns.
Cash
This investment option is designed for conservative investors who want very low levels of risk and to preserve their capital.
Australian Fixed Interest
This investment option is designed for investors who want to invest over the medium term with a medium level of risk. This investment option invests in the domestic bond market.
Global Fixed Interest
This investment option is designed for investors who want to invest over the medium term with a medium level of risk. This investment option invests in global bond markets.
Global Property
This investment option is designed for investors who want to invest over the longer term with a high level of risk. This investment option invests in global listed property securities.
Australian Equities
This investment option is designed for investors who want to invest with a high level of risk. This investment option invests in the Australian share market.
International Equities (Hedged)
This investment option is designed for investors who want to invest with a high level of risk. This investment option invests in international share markets. The foreign currency exposure will generally be hedged back to Australian Dollars.
International Equities (Unhedged)
This investment option is designed for investors who want to invest with a high level of risk. This investment option invests in international share markets.
Insurance in your pension
Any Death insurance cover you hold in your ANZ Smart Choice Super account will be transferred to your pension account when you do a full balance transfer to your new pension account.
When you do a full balance transfer your ANZ Smart Choice Super account will be closed and any Total and Permanent Disability (TPD) or Income Protection cover in this account will cease.
If you do a partial balance transfer, any existing insurance cover will be retained in your ANZ Smart Choice Super account.
You can change your insurance cover anytime via ANZ Internet Banking or by calling 13 12 87.
Insurance in your super
Before starting your pension, we maintain money you'd like to use for your pension (rollovers or other contributions) in an ANZ Smart Choice Super account.
In your ANZ Smart Choice Super account you can add Lifestage Death cover*, with no paperwork or medical checks.
Death cover inside super can be a simple and tax-effective way to protect your loved ones if something were to happen to you.
If you add insurance cover, insurance fees will be deducted from your super account.
Let us know what you'd like to do:
Why are we asking this question?
Your level of premium is based on your age, gender and smoking status.
Note: Smoking includes cigarettes, cigars, pipes, chewing tobacco and smoking of any illegal substances.
*Your Lifestage Death cover will automatically adjust with your age, is subject to eligibility and excludes Pre-Existing Medical Conditions, as explained in the Additional Information Guide. Insurance cover will not commence until we receive the first contribution into your account account and will only remain in place if you retain a sufficient balance to fund the cost of the insurance cover. Insurance cover is only available to Australian Residents or visa holders who reside in Australia. Once your account is open, you can remove your insurance cover or apply for Choose Your Own Death cover via ANZ Internet Banking or by calling 13 12 87.
By nominating a financial planner you can request to pay any fees for advice relating to your account by a withdrawal from your ANZ Smart Choice Super account.
Select one of the following:
Monday to Friday 8.30am - 6.30pm (AEST/AEDT)