Jargon buster



P

Pension: A pension is a type of income stream you might receive in retirement. This may involve putting your super into a product such as an allocated pension, where you would receive a regular income drawn from your super.

Personal contributions:  These are contributions that you can make that are over and above the compulsory Super Guarantee contributions that your employer must make on your behalf.   

Preservation: Ensures your money is kept in super until your 'preservation age' which is a requirement by legislation. Until this age, you will be unable to access your super benefit (other than in certain defined circumstances - go to the when can you access your super page for more information on these circumstances).

You're with an award-winning super fund. GESB is a great choice.

Quick links