You could be still working, cutting back on hours, or retired. When you celebrate turning 65 you could be eligible to open a Retirement Income account. That way you can use your super to pay yourself a regular income, while the rest of it continues to be invested.
Set up how much and how often you pay yourself, with the flexibility to change these payments whenever you choose. Plus make extra cash withdrawals whenever you need.[M5]
Unlike your regular Future Saver super account, earnings on investments are tax-free in a Retirement Income account. The same goes for lump sum withdrawals and income payments.
Compared to a regular bank account, a Retirement Income account with a $400,000 balance could receive an additional $5,300 from investment returns annually, tax free.1 Learn more.
When you open a Retirement Income account, you could be eligible for a Retirement Bonus. It’s tax-free and could be up to $12,350*
You can open an account if:
If you open an account with us, you have flexibility and control of your account. You can view and make changes to your account at any time, including extra withdrawals when you need, just like you would from a bank account.
You’ll need two forms of ID and bank account details handy. Here’s a few different ways to open an account:
Our team of experts are here to help you complete your form or validate it for your peace of mind.
We’ve been recognised for excellence across a range of key areas including investments, member services, fees, and organisational strength. The Pension Fund of the Year award also considers how we look after members in retirement.[A6]
