The journey of a lifetime
When it comes to retirement, it’s the uncertainty that can spoil things.
Let’s face it, we don’t know exactly how long we’re going to live. So it can make it difficult to know how much you can safely draw down from your retirement savings to generate an income.
Most retired Australians err on the side of caution. They draw less income than they could and leave more of their savings behind than they intended.
That’s where MyNorth Lifetime comes in – a suite of three super and pension accounts designed to provide you with a high rate of income in retirement that never runs out, while enjoying potential tax and pension benefits along the way.
Jump in and enjoy MyNorth Lifetime benefits at any stage – from when you’re just starting out in the workforce all the way through to retirement. The earlier you start, the more you stand to enjoy the tax, pension and income benefits.
MyNorth Lifetime is only available through your financial adviser. So give them a call today.
How MyNorth Lifetime works
MyNorth Lifetime offers three account types that provide your adviser with the flexibility to create your retirement strategy based on your goals and objectives. The three accounts are designed to support different objectives, there is not a set ‘first’ account and they do not follow a consecutive order.
Designed for those in accumulation, make and receive super contributions into a MyNorth Lifetime Super account. You can open a Lifetime Super account at any age up to 64 and 10 months.
To support you as you plan, strategise, and ease into retirement. When you hit 60 and you’ve met a condition of release, you can take out a MyNorth Deferred Lifetime Income account – the first pension account in Australia that accepts contributions.
Enjoy a retirement with peace of mind. The MyNorth Lifetime Income account allows you to draw an income and provides an annual bonus that’s guaranteed by one of Australia’s top life insurers.
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North Service Centre
Monday to Friday
8:30 am - 7 pm (Sydney time)
What you need to know
The information on this page has been provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It contains general advice only and you should consider whether this information is appropriate for you before making any decisions. Any taxation and Centrelink information is not intended to be personal advice and should not be relied on as such. It’s important you consider your circumstances and read the relevant product disclosure statement and/or investor directed portfolio services guide and target market determination, available from northonline.com.au or by contacting the North Service Centre on 1800 667 841, before deciding what’s right for you.
You can read the Financial Services Guide online for more information, including the fees and benefits that companies related to NMMT, N.M. Superannuation Pty Limited ABN 31 008 428 322, AFSL 234654 (N.M. Super) and their representatives may receive in relation to products and services provided.
You can also ask us for a hard copy. MyNorth is a trademark registered to NMMT. MyNorth Lifetime is a part of MyNorth Super and Pension and is issued by N. M. Superannuation Proprietary Limited (ABN 31 008 428 322, AFSL 234654 (NM Super) as trustee of the Wealth Personal Superannuation and Pension Fund (the Fund) ABN 92 381 911 598.