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When you open a Retirement Income account with Aware Super,[M5] you could be eligible for a Retirement Bonus[M6] - depending on your eligibility. And thanks to lower admin fees,[F7] more of your money stays with you - up to $3,100 to spend on the things you love in retirement.[F8]
Get a Retirement Bonus[M6], a tax saving we pass to you. You could get a bonus, if you're eligible, when you open a Retirement Income account.[M5] The amount you could receive depends on the Retirement Bonus rate, your eligible average daily balance over the previous 6 months and the amount you transfer in. Simply login to Member Online below to calculate your eligible bonus in seconds.
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| Your eligible balance used to calculate your Retirement Bonus* | Your retirement Bonus* |
|---|---|
| $100,000 | $700 |
| $250,000 | $1,750 |
$500,000 |
$3,500 |
$750,000 |
$5,250 |
$1,000,000 |
$7,000 |
*This table is a guide only. To find out how much you could receive, log into Member Online and go to the Retirement Bonus calculator.
You don’t have to apply – you receive your Retirement Bonus automatically if you’re eligible.
Your balance stays invested - so it can keep growing as you enjoy your retirement.[M5]
Your Retirement Bonus is tax free, along with your balance, investment returns and income payments.[M5][M6]
We’ve reduced our admin fees on Retirement Income and Retirement Transition accounts by up to 25%. This reduction sees asset-based administration fees go down from 0.23% to 0.16% with the annual fee cap dropping from $1,500 to $1,300.[F7]
That’s around $3,100 back in your pocket over retirement,[F8] so you have more money in your pocket to spend on the things you love.
[F7] From 1 June 2025, Aware Super lowered the annual administration fee and annual administration fee cap for Retirement Income and Retirement Transition accounts. Amount of fee reduction will vary based on account balance. For more information see www.aware.com.au/pds.
[F8] Based on starting a Retirement Income account with $375,000 at age 67. Savings are presented in today’s dollars discounted by 2.5% with a net average rate of return of 6.00% p.a and $52 annual admin fee. Retirement income is maintained until age 95. Projection includes Age Pension (March 2025 rates) based on an individual being a homeowner with $50,000 in personal assets. Actual returns year on year may vary materially and can be negative. If investment returns/inflation are higher/lower, final balances will differ. This example is for illustrative purposes only and is not intended to provide a guarantee on outcome. It is a broad illustration of the steps a member could take, but the actions appropriate for an individual will vary depending on their personal circumstances. Based on current regulatory requirements and laws, including tax rates, which may be subject to change.
[M5] Retirement income and investment earnings are not guaranteed. Payments will cease once the account balance is depleted.
[M6] Eligibility criteria apply. The payment of the Retirement Bonus is at the discretion of Aware Super. We reserve the right to change or stop offering the Retirement Bonus at any time, without notice. The Retirement Bonus is calculated and applied at the time your Retirement Income account commences and may differ from any estimate you have previously obtained. If you withdraw 50% or more of your Retirement Income account starting balance within 12 months of opening the account, Aware Super reserves the right to deduct the Retirement Bonus from your Retirement Income account. Withdrawals include lump sum payments, rollovers, regular income payments, and one-off income payments.
