Michael Clapham

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Understanding different types of retirement pensions

If you’ve heard the term ‘pension’ being thrown around, you may have picked up that there are many types of pensions available in Australia.

We explain the difference between three commonly used pensions, including the government’s Age Pension, a transition to retirement pension, and an account-based (or allocated) pension, so you’re across how they work and what might be right for you.

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