Retirement income payment calendars

Key points: 
  

• Your retirement income or retirement transition account gives you the flexibility to set up regular income payments from your retirement savings.
• How much and when you get paid each year is up to you. There is a minimum annual payment limit for both account types, and a maximum limit applies for retirement transition accounts.
• Receive regular income payments from your super into your nominated bank account:
  • fortnightly
  • monthly
  • quarterly
  • half-yearly or yearly.
• You can also:
  • make extra cash withdrawals when you need to (for retirement transition accounts, this is subject to the maximum annual payment limit), and
  • choose how much and how often you get paid.
• You can log in to your Member Online account to change your payment frequency at any time.
• Payment to a bank account will generally arrive within three business days.
• Payment to a credit union account will generally arrive within five business days.