Turn your super into regular income
For many Australians your super could be one of the biggest sources of your income in retirement. Deciding what to do with it is important. Whether you're thinking about working less or you're ready to retire, we offer two types of accounts to help you make the most of your super.
Ready to retire?
To start withdrawing regular income from your super, open an account-based pension by transferring money from your super account.
Thinking of transitioning to your retirement?
A transition to retirement account pays you a regular income while you continue to work. This means you can ease into retirement on your terms. Your payments will be tax- free if you're over 60.
Get your Retirement Bonus
When you open a Retirement Income account, you could be eligible for a Retirement Bonus. Simply transfer your super from your Future Saver or Retirement Transition account, and we’ll do the rest.
Your Retirement Bonus is:
- Added automatically, if you’re eligible
- Tax free
- Based on how much you transfer, it could be up to $12,350.*
Your retirement planning guide and checklist
Giving up work and living off your retirement savings takes planning. Understand your options and how to get to the best retirement for you.
Our retirement guide is a helpful place to start. You’ll find:
- answers to common questions about retirement
- stories from other members
- activities to help you plan ahead
- retirement planning checklist.
Lower fees for retirees
For our retirees with a Retirement Income account or Retirement Transition account, our new structure starting on 1 June 2025 means our fees have come down as much as 25%.[F7]
The reduction sees the asset-based administration fee go down from 0.23% to 0.17%, with the annual fee cap dropping from $1,500 to $1,300.
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.
