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We put members at the heart of everything we do

We’re a profit to members fund, with a heritage of over 75 years managing members retirement outcomes.

Choosing to convert your super to a pension may save you tax and keep your money working for you while you receive an income. 

There are three types of pension accounts.

  • An account-based pension.
  • A pre-retirement pension.
  • A death benefit income stream.

You can open a Mine Pension if you have at least $15,000 to invest and:

Account-based Pension

  • you've reached your preservation age and have retired
  • you’re aged 65, whether retired or not
  • you’re totally and permanently disabled

Pre-retirement Pension

  • have reached your preservation age
  • be either working or still seeking employment (ie. not permanently retired)
  • be under age 65 years
  • be a permanent Australian resident.

Death benefit income stream (DBIS)

  • you’re paid a death benefit and are a dependant of the deceased. Dependants include a spouse, a child under 18 years of age, a financially dependant child under 25 years of age, a child who is disabled irrespective of their age, or a person who was in an interdependency relationship with the deceased.

Keep in mind that a DBIS will count towards the beneficiary’s ‘transfer balance cap’. This is the limit the government has put on the total amount of super that can be transferred into a pension. It’s currently $1.6 million (indexed in $100,000 increments in line with inflation).

Fill in

Complete all mandatory fields. 

Certify your ID

Send us a certified copy of your ID.  We need to prove your identity before we can release any money from your account. 

Submit

Send your completed form to Mine Super Locked Bag 2020 Newcastle NSW 2300.

Process

Within five business days of receiving your application we’ll set up your pension account. If we have any questions about your application we’ll be in contact with you.