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Already a member? Log in to apply for a Retirement Income Account.

Stop working, keep earning - tax free#

If you are 60 and meet the eligibility criteria to access your superannuation savings, you may want to set up an Retirement Income Account (also known as an Account Based Pension).

Become a member

The first step is to become an Aware Super member. You can do that online and it only takes a few minutes.

Consolidate your super*

If you’re a new member, you may have super with other funds. You may want to consider consolidating these into  your Aware Super account along with other monies that you’ve been saving for your retirement.

Create your retirement account

When you’ve completed steps 1 and 2, and if you meet the eligibility criteria, you’ll be able to log in to the Aware Super member portal and apply for a Retirement Income Account.

 

Everyone’s situation is different, and we haven’t considered your financial situation. So, before deciding about joining, you should read our product disclosure statement and Target Market Determination and consider your own personal circumstances to decide if this is the right thing for you. These documents are available on our website at aware.com.au/pds or call us and we’ll send you a copy.

Have questions or need help? Call 132 927

If you need help to set up your Retirement Income Account or if you have questions along the way we’re here to help. You can call us on 13 AWARE (132 927) at any time to ask questions or get some guidance.

Eligibility criteria

You can start an retirement account if you meet the any of the following eligibility criteria:
 

  • You are 65 or over – even if you’re still working, or
  • You’ve reached your preservation age (ie 60 years old) and retire, or
  • You’re 60 or over and you’ve ceased at least one employment arrangement eg. given up a casual job, or
  • You've become permanently incapacitated, or terminally ill.

Before you apply
 

  • Check that you meet the eligibility criteria for a Retirement Income Account
  • You’re an Aware Super member
  • You’ve considered whether to consolidate your super into your Aware Super account.

How to apply for a retirement account

When you’re ready to set up your Retirement Income Account, you will need the following information to complete the application form: 

  1. Your Tax File Number (TFN)
  2. Two proof of identity documents eg. Driver’s license, Medicare card, passport
  3. Your Aware Super account number and the login details for the member portal
  4. You’ll need to nominate a beneficiary as part of the sign up process so you’ll need their full name and contact details.

 

Become a member

Awards[A1] are good news for us, but better news for you

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Why choose Aware Super for your retirement

Specially designed investment approach

Our experts have created specific retirement investment options to help your savings go the distance. They're designed to deliver strong returns and aim to reduce the impact of market falls.

Strong long-term returns

The retirement income conservative balanced option, delivered an average return of 6.82% p.a. Over 10 years to 30 September 2024[P6].

Simple advice at no cost

Take advantage of simple financial advice over the phone, for answers to any questions about your Aware Super account.

I think the best guidance we got was from an Aware Super retirement seminar we went to. It just opened our eyes to income streams and transition to retirement. The one thing I’d say to other people who are thinking about retiring is preparation. Do your budget. Know what you’ve got.

- Alan†, Aware Super member, transitioning to retirement at 62

Aware Super manages more than $30 billion for over 100,000 retirement members

As one of Australia's largest retirement providers, we understand the unique needs of retirees.

Become a member

[A1] Awards and ratings are only one factor to be taken into account  when choosing a super fund. Read more information about our awards and ratings. Past performance is not an indicator of future performance.

# Retirement income and investment earnings aren’t guaranteed. Payments cease when account balance is depleted. Consider if Aware Super is right for you and the PDS and TMD on their website. Issued by Aware Super Pty Ltd, trustee of Aware Super.

† The member has provided their consent to the materials and statements attributed to them, in the form and context in which they appear and have not withdrawn this consent as at the date of preparation. The views expressed here belong to the individuals concerned and are not necessarily the views of Aware Super Pty Ltd. No warranty as to the accuracy or completeness of this information is given and no responsibility is accepted by Aware Super Pty Ltd or its employees for any loss or damage arising from reliance on the information provided. This information should not be construed as advice, whether it be general or personal advice, nor should it be substituted for obtaining professional financial, legal or tax advice.

* Before consolidating, consider if this is right for you, including the loss of any insurance cover from your other funds, the impact on your investments, and potential tax implications and read the PDS and TMD at aware.com.au/pds. You may wish to speak with a qualified financial planner before making this decision.

[P6] Aware Super's Retirement Income Conservative Balanced option return over 10 years to 30 September 2024. SuperRatings Pension Fund Crediting Rate Survey, September 2024. Based on the SRP25 Conservative Balanced (41-59) Index. Returns are after tax and investment management expenses but before the deduction of administration fees. Past performance is not an indicator of future performance.