Which retirement account is right for you?
We offer retirement accounts to suit your life stage:
What’s the difference between our retirement accounts?
Discover how our retirement accounts are different from each other and what it means for you.
You can open a Retirement Transition account if you meet all of the following:
You're aged between 60 and 64 years old.
You’re still working part-time or full-time.
You can transfer at least $6,000 from your super account into a Retirement Transition account.
You can open a Retirement Income account if you meet one of the following:
You’re 65 years of age or older, even if you’re still working.
You’re at least 60 and have ceased an employment arrangement, are fully retired or meet another condition of release.
You must have at least $6,000 in super to open a Retirement Income account.
Depending on what account you want to open, you’ll need to have a certain work status:
For a Retirement Transition account, you need to be working part-time or full-time.
For a Retirement Income account, you need to be retired (or have ended work).
With both accounts, you can decide how often your super is paid to you.
And while you can withdraw your super with both account options, there are some slight differences to know about:
With a Retirement Transition account, you can withdraw up to 10% of your super balance each year.
With a Retirement Income account, you can withdraw as much super as you need, any time you like.
No matter which account you decide to open, you’ll also need to meet the minimum income payment requirements set by the Government.
You’ve got plenty of choice and flexibility when it comes to your investments, including:
Diversified options, where your super is invested across a range of different investments, like shares, bonds, infrastructure, property and private equity.
Low cost indexed options, where your super is invested to track market indices.
Socially Conscious options, where your super is invested to limit exposure to investments considered to have highly adverse environment or social impact.
Single class options, where your super is invested in a single asset class, like shares or bonds.
No matter which account you open, your income payments are generally tax-free. Withdrawals are also generally tax-free if you have a Retirement Income account. But they’re not tax-free if you have a Retirement Transition account.
But your investment earnings are taxed in different ways depending on your account:
With a Retirement Transition account, your investment earnings get taxed up to 15%.
With a Retirement Income account, your investment earnings are generally tax-free.
What retirement accounts are available?
Whether you’re an Aware Super member or not, we’ve got different options for you to explore.
Why join us for your retirement?
Discover why over 137,000 retirees have chosen us for their retirement.[M*]
- Retirement bonus
- Digital admin
- Advice
- Flexibility
- Award-winning
Get up to $14,700 extra
You can get up to $14,700 extra when you open a Retirement Income account. And the best part is that you don’t have to do anything extra – you automatically get the bonus if you’re eligible.
You can get this extra money if you’ve:
Transferred some (or all) of your money from your super or Retirement Transition account into your Retirement Income account.
Had your money invested in any option (except for cash or term deposits).
Had an Aware Super Future Saver accumulation account or Retirement Transition account with us for at least six months.
Secure and online access to your super
You can manage your account through Member Online or our app. Plus, you can nominate a beneficiary online whenever it suits you.
Expert advice to support your retirement
No matter where you’re at in your retirement journey, you can chat with a financial adviser as part of your membership.[AD2] They can explain how your payments can work with the Age Pension, or give you personalised advice about your account. There’s also the option to get comprehensive advice for a fee.
Payment options to suit your lifestyle
Choose from fortnightly, monthly, quarterly, half-yearly, or yearly payment options to help provide you with a regular income from your super in retirement. You can also change this at any time to suit your lifestyle.
We’ve won the awards so you can win at retirement
We took home Chant West’s Pension Fund of the Year for a third year in a row.[A6] Plus, we’re back-to-back winners of SuperRatings' Fund of the Year.[A5]
Translation? It’s good news for us, and great news for your retirement.
FAQs about our retirement account options
Yes, you can keep working if you’re retired. You might be able to keep working (or return to work after retiring) and continue being paid from your Retirement Income account. If you're still working and want to access some of your super, then you can consider our Retirement Transition account.
You may be able to access your super when you retire from the age of 60 or when you turn 65. If you're still working, you may also be able to access some of your super from age 60 through a Retirement Transition account.
Yes, you can switch from a Retirement Transition account to a Retirement Income account. The good news is that we automatically do this for you when you turn 65. But if you meet other criteria, like turning 60 and being permanently retired, then we’ll move you into a Retirement Income account – just let us know.
It’s super easy to open a retirement account with us if you’re a member:
Make sure all your superannuation savings for retirement is in your Aware Super Future Saver account, including super you might have at other funds.
Open your retirement account and we’ll automatically transfer your super into your new account. If you have any super coming from another fund, we’ll do this once all your super’s been received.
Decide if you want to keep your Future Saver account or close it. But remember, you’ll need to keep this account open if you’re opening a Retirement Transition account so you can still receive employer contributions while working. Remember, the usual fees and costs will still apply for your super account.
It's pretty simple to open a retirement account with us – just start the application and we'll help you with the rest. Once that’s all done and dusted, you can start enjoying your retirement journey.
^Based on Aware Super data from Sept 2026.
[AD2] Members can get advice about their Aware Super accounts at no extra cost, or advice on their broader needs for a fee.
[A6] Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872 / AFS Rep No. 1280401 Chant West Awards issued 27 May 2026 are solely statements of opinion and not a recommendation in relation to making any investment decisions. Awards are current for 12 months and subject to change at any time. Awards for previous years are for historical purposes only. Full details on Chant West Awards at https://www.chantwest.com.au/fund-awards/about-the-awards/
[M11] Number of members with retirement accounts as of 30 June 2026.