Choose how much and how often you get payments with our Income accounts, or receive income for life with our Lifetime Pension.
Once you’re over 60, your income payments are tax-free, and investment earnings are generally tax-free (see the PDS).
Our retirement products
As one of the country's largest super funds, we've designed our Income accounts to make the most of your super (if you're old enough), and work together with our Lifetime Pension, and the Age Pension.
Preservation age up to 65 or retired
Preservation age and over
From 60th to 80th birthday
Still not sure? Compare each product’s features to see how they could work for you.
Other ways we can help you retire better
Being a member with us gets you a range of benefits to help you create your dream retirement. If you’re not already a member, join today.
Take out extra money from your Income account when you need to, while enjoying regular payments from your Income account and Lifetime Pension.Find out more
Our Lifetime Pension is designed to help you meet the income and assets tests for the government's Age Pension (if you're eligible).Find out more
FAQs about retirement savings accounts
Find out more about how our retirement products work, or request a call to ask us more questions.
What is a retirement income stream or retirement account?
Our Retirement Income account is a type of account-based pension where you can get regular payments into your bank account from your super.
With our Income accounts, you choose how much and how often you get paid – above the government's minimum for both account types, and below the maximum for TTR accounts.
Getting payments regularly will feel familiar if you've been working or receiving government benefits.
The balance in your Income account is invested and receives investment returns or earnings, just like in your normal super account. See our investment options for your Income account.
If you want to, you can also make withdrawals from your Income account on top of your regular payments.
Use our Retirement Forecaster Calculator to see what happens if you make extra contributions, reduce your hours, or receive the Age Pension.
How do I know which retirement account or pension is best for me?
If you want financial advice about your account and our retirement products, see your advice options.
Qualified financial advisers can help you make decisions about:
- Transitioning to retirement
- How much money you'll need to spend in retirement
- The government Age Pension
- Your income options in retirement
or give us a call on 13 11 84
How much do your retirement accounts cost?
You can see how much your Income account would cost based on your super balance in this online calculator.
And for our Lifetime Pension, most fees and costs are paid from the Lifetime Pension pool. Find out more in the Lifetime Pension FAQs.
As a profit-for-members super fund, we're committed to returning profits to our members as lower fees and better services.
How are your retirement accounts invested, and do they perform well?
We have a wide range of investment options you can invest your Income account in, and you can see the investment returns anytime online. Our Retirement Income account has received SuperRatings' 15-year Platinum performance award in 2023.1
For our Lifetime Pension, your money is invested collectively in the QSuper Balanced investment option for Retirement Income accounts. Everyone's payments change each year based on the financial performance of that investment.
I'm retiring soon – how do I withdraw my super?
Many people think they need to withdraw their super as a lump sum at retirement, but you don't have to. In fact, you may be better off leaving it invested so it will continue to receive investment earnings.
If you do decide to take a lump sum payment, you'll need to withdraw a minimum of $2,000.
Compare account types
Each of our account types uses different features to provide you with the security and certainty to enjoy your retirement. Use our retirement products on their own or in a combination that suits your super.
Swipe to scroll through accounts
Regular income payments
Income for life
Withdraw lump sums
Change payment frequency and amount
Tax-free investment returns over age 60 (generally)
Tax-free withdrawals over age 60
Tax-free income payments over age 60
Potential boost to Age Pension
Receive contributions in
Transition to RetirementFind out more
Preservation age up to 65 or retired
Retirement IncomeFind out more
Preservation age, or age 65 and over
Lifetime PensionFind out more
Between 60th–80th birthday
Save while you're working
1. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2023 SuperRatings. All rights reserved.