What is an annuity

An annuity is a low-risk product that guarantees a regular income, either for a fixed term or for life.

They can be purchased with superannuation savings, or with personal savings by individuals companies, trusts or funds.

Annuities suit customers looking for a reliable income in retirement, a conservative product that provides guaranteed regular payments, estate planning certainty and the chance to maximise social security entitlements. Customers can choose to receive payments monthly, quarterly, half-yearly or yearly.

Key benefits

Income that’s guaranteed. Receive ongoing payments for life, regardless of market conditions.
Flexible structuring. You specify the payment frequency of the annuity, withdrawal options and beneficiaries
Tax-free income. When over 60 and purchasing with super, you’re not required to pay tax on annuity income.
Boost your pension. Only 60% of the value of a lifetime annuity is counted under Centrelink means testing, which may help you qualify for a higher Age Pension.
Unlock your investment. An optional withdrawal period allows you to access capital, and you can pass a guaranteed death benefit onto loved ones should you die early.
Inflation protection. Payments rise to keep up with cost of living, locking in purchasing power.
No hidden costs. With no ongoing fees or hidden costs, your transparent and clearly structured investment is protected from erosion.

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With Acenda Lifestream Guaranteed Income, you can retire with confidence. Receive guaranteed lifetime income that’s reliable, sustainable, and designed to fit your specific retirement needs.

Purchase an annuity

Types of annuities

Lifetime annuities	Fixed term annuities
A guaranteed regular income for life in return for an upfront payment, helping protect against outliving your savings, no matter what retirement brings.	A guaranteed income for a set number of years in return for an upfront payment. You choose the term, the payments you receive, and how much of your upfront payment is returned at the end.

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Frequently Asked Questions

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Important information

Any advice and information on this website is general in nature and is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), which is part of the Resolution Life Group and can be contacted on 133 731 or via the contact us page. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters as well as the relevant product disclosure statement (PDS), available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision about the product. Consider speaking to a financial adviser if you have any concerns.

If you decide to purchase or vary a financial product, Resolution Life and/or other companies within the Resolution Life Group will receive fees and other benefits, which will be a dollar amount or a percentage of either the premium you pay or the value of your investments. You can ask us for more details.