Education

A market-linked pension (MLP), also known as a term allocated pension (TAP), is a legacySuperannuationincome stream that pays retirement income over a fixed term. Instead of providing a lifetime pension or a lump sum, it distributes super benefits over a defined period using a …

A death benefit pension is aSuperannuationincome stream paid to an eligible dependant of a deceased member, allowing super to continue as ongoing income rather than being paid out as a lump sum. It is commonly used to provide financial support to surviving spouses or …

A Daily Accommodation Payment (DAP) is a structured payment option used in Australian residential aged care to cover accommodation costs without requiring a full upfront lump sum. It allows residents to pay ongoing daily fees instead of paying the full Refundable Accommodation Deposit (RAD) …

A corporatesuper fundis an employer-sponsored superannuation arrangement designed for employees of a specific company or group of employers. These arrangements may exist as standalone corporate funds or as tailored employer divisions within larger industry or retail super funds. Corporate super plans often include negotiated …

Corporate bonds are fixed-income securities issued by companies in Australia and globally to raiseCapitalforBusinessoperations, expansion, or refinancing activities. In return, investors provide capital to the issuer and receive regular interest payments (coupons) along with repayment of the principal amount at maturity.

A death benefit lump sum is a one-off payment of a deceased super member’s account balance, including any insurance proceeds held within thesuper fund, paid to eligible beneficiaries. It is one of the main ways superannuation savings are transferred after death.

A fixed-termAnnuity, also known as a term-certain annuity, is a financial product issued by a life insurance company that provides a guaranteed regular income for a fixed period in exchange for a lump sum investment. The term is chosen at the outset and typically …