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Retirement income accounts

Enjoy life after work, by turning your super into tax-effective retirement income.

Retirement income accounts

Enjoy life after work, by turning your super into tax-effective retirement income.

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Income payments

Choose how much and how often you get payments with our Income accounts, or receive income for life with our Lifetime Pension.

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Tax-free

Once you’re over 60, your income payments are tax-free, and investment earnings are generally tax-free (see the PDS).

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Retirement bonus

If you’re already a member with us, be eligible for our Retirement Bonus to kick-start your account.


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

Transition to Retirement Income account

Start using your super while working, with a TTR account.

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Get payments while still working

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Continue growing your super

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Flexible payment options

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Preservation age and over

Retirement Income account

Adds flexibility by allowing you to change your payments and withdraw money anytime.

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Income as long as you have a balance

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Choose your investment options

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Flexible payment options

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From 60th to 80th birthday

Lifetime Pension

Gives security in retirement, knowing your payments won't stop, no matter how long you live.

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Never runs out

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Possible Age Pension benefits

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Payments adjusted yearly

Find out more

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.

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Withdrawals

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
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Age Pension

Our Lifetime Pension is designed to help you meet the income and assets tests for the government's Age Pension (if you're eligible).

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Retirement Seminars

Join other members to learn about how to make the most of your super, plan your retirement, and make confident decisions.

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.

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.

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:

Request a callback

or give us a call on 13 11 84

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.

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.

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.

Enjoy flexibility and security in retirement, knowing you're making the most of your super. Log in to open a Retirement Income account, or find out how to open your Lifetime Pension.

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.

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