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Rebate Offer
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4.0% (100%)
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Minimum Initial Investment
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$50,000
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Expected Close Date
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Ongoing
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| Product Disclosure Statement |  Request Product Disclosure Statement (PDS) |
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OnePath MoneyForLife (formerly ING MoneyForLife) guarantees your investment income for life, even after the money originally invested runs out. This new solution protects against the two key financial concerns for retirees - the risk of outliving their investment and poor market performance.
Australia's retirement landscape is changing - Australians are living longer, and retirees and pre-retirees have seen their super balances decline an average of 19.5%* in the recent financial crisis. MoneyForLife investment funds take the guesswork out of retirement income planning by guaranteeing an income no matter how long you live or how the market performs. It is designed to provide you with a combination of certainty, control and confidence.
| Certainty |
Control |
Confidence |
| Income for life, regardless of how long you live or how the market performs. |
Control how the investment is allocated among three diversified funds.
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Retire on your own terms. |
Income will not decrease with market declines.
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Access to your account balance. |
Life decisions based on personal goals, not market cycles. |
| Income may grow in a strong market. |
Choice of a single or reversionary income stream. |
The ability to invest in growth assets with the security of a guarantee. |
Key Features
- Protection from day 1: OnePath establishes a Protected Income Base which will determine your income payment. The Protected Income Base may rise but will not fall with the markets.
- Positive performance can increase your income: The Protected Income Base is recalculated every 2 years and when you begin to draw income.
- Certainty of income: Annual income payment is paid by applying an income rate to your Protected Income Base. Your income rate will be determined by your age, set when you draw your first income payment.
- Access and control: Always have access to your investment funds and control over which funds to invest into.
- Income for life: Guaranteed income payments even if the investment funds runs out.
OnePath MoneyForLife investment funds are suitable for anyone who has retired or is close to retirement and wants to ensure they will receive an income for the rest of their lives. The three Money For Life funds are available via the OnePath OneAnswer Personal Super and Pension platforms.
Important Notice
On 15 November 2010, ING Australia will be rebranded OnePath, a wholly owned subsidiary of ANZ Bank. As a result, all ING product disclosure statements will be reissued under the OnePath brand. Applications received on the outdated ING Australia application form will be accepted by OnePath until 14 December 2010 under the terms of the new product dislocusre statement, after which all applications must be made using OnePath applications. Please revisit this webpage to obtain a copy of the reissued OnePath MoneyForLife PDS on 15 November.
| Fee Disclosure | | 2020 DIRECTINVEST will rebate 100% of the 4% entry fee in ING Money For Life as additional units. 2020 DIRECTINVEST may receive a trailing commission of up to 0.60% pa. This is paid by the fund manager and is NOT an additional charge to the investor. |
| Request Product Disclosure Statement (PDS) |
*Research by SuperRatings January 2009
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