Withdraw from your Aware Super account
Most of our members who are eligible to withdraw their super open an account-based pension. An account-based pension gives you:
- a regular tax-free income1 - you can choose how much and how often you get paid
- tax-free investment earnings, which help your money last longer
- the choice to take extra cash payments whenever you like
You can also keep your super account open and make lump sum withdrawals only. Unlike the account-based pension, you’ll continue to pay 15% tax on investment returns with this option.
1 From age 60 and over, generally no tax is payable on withdrawals from your super in retirement. Under age 60, tax may apply on withdrawals.