What money can I use to invest?

You can begin a pension utilising your account balance already held within HIP and / or you can roll over benefits from another superannuation fund.

If you are eligible, you can also roll over an Employment Termination Payment ('ETP') to HIP to begin your pension.

You may also be able to use other amounts such as certain disablement amounts on settlement of a disability claim (outside of superannuation) and proceeds from the sale of a small business to commence your pension.  For further information about this, we recommend you obtain appropriately qualified financial advice. 

Note: you cannot add additional money to your pension once it has begun.  As such, you may need to consolidate your various superannuation account balances and any ETPs you receive, into a single account within HIP, prior to commencing a pension.