1. Open a smartMonday PENSION account using the application form.
  2. Confirm the amount you want to receive, and how frequently you receive payments.
  3. Decide if you want to withdraw a one-off amount to get major expenses out of the way.
  • You are permanently retired and have reached your preservation age, or
  • You leave employment at or after reaching 60 years of age, or
  • You are over age 65, or
  • You are permanently incapacitated or terminally ill and rolling in benefits from their super fund.

  • Bucket #1 is used to hold enough money invested in cash, or cash equivalents, to fund your short-term living expenses, say for a year or more.
  • Bucket #2 holds funds for emergency use.
  • Bucket #3 is invested in a diversified mix of growth-style investments.