Your guide to term allocated pensionsWhat is a term allocated pension (TAP)?
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What is a term allocated pension (TAP)?
A TAP pays your super back to you periodically for a set period. The amount you receive depends on how much money you have available, the life expectancy used and the term you set for the payments.
Asgard has closed TAPs to new members from 20 September 2007, but existing TAPs will retain their asset test status.
You can hold a range of assets in your TAP account, including shares, managed investments, fixed interest and cash, depending on your investment strategy.