Our retirement accounts:
What's an account-based pension?
Our Retirement Income account is a type of account-based pension. It means that when you retire, you can keep your super invested and earning returns, while getting regular payments from it.
You can open a Retirement Income account with us if:
- You’ve reached age 60 (preservation age) and retired
- You’ve reached age 60 and stopped working for your current employer
- You’re 65 years or older
- You’ve been given an eligible death benefit
- You’ve met another condition to access your super. More info about this is in our Product Disclosure Statement (PDS).
Account-based pension benefits
Tax-free payments and investments
Over 60? Your income payments and investment earnings are tax-free.
Withdraw money as needed
Take out one-off payments from your balance when you need.
Get a retirement bonus
You could get a Retirement Bonus to kick-start your account.
Better together
Did you know our Retirement Income account also works well with our Lifetime Pension?
Retire with award-winning value
Our Retirement Income account has been awarded for outstanding value for money over many years.1
How an account-based pension works
Open a Retirement Income account
Transfer at least $30,000 from your Super Savings Accumulation account or another super fund to open your account. Just make sure you meet the eligibility requirements.
Get regular payments
Subject to the minimum amount, decide how much and when you get paid. Plus, you can take out extra one-off payments when you need to.
Your balance continues to be invested
Choose your investment options, and tell us what investment options you want your payments to come from.
Case study
Explore the advantages and things to consider by following Gwyn’s experience with a Retirement Income account.
Try our retirement calculator
Are you on track for the lifestyle you want in retirement? Use our calculator to see how long your super could last in retirement – and find out if an account-based pension is for you.
How to open a Retirement Income account
When you join ART, we automatically open an Accumulation account for you. That’s because you need an Accumulation account before you can open a Retirement Income account.
Once you're a member: Log in to Member Online to see if you’re eligible to open a Retirement Income account.
From there, set up and manage your payments – including the frequency and amount.
Flexible income options for your retirement
Our retirement products are designed to be used on their own or combined with other income sources like the Age Pension.
Retirement Income account
Income for lifestyle
Turn your super into a regular income when you retire.
- Works with other pensions
- Tax benefits if you're over 60
- Choose your investment options
- Flexible payment options
Lifetime Pension
Income for life
Add security with an income for life and money-back protection.
- Never runs out
- Possible Age Pension benefits
- Payments adjusted yearly
Age Pension
Income safety net
Government payments to help eligible retirees pay for the essentials.
- Safety net
- Budget lifestyle only
- Payments based on your assets and income
Got more questions?
Speak with a financial adviser about retiring with ART – the cost is included with your membership.2
Account-based pension rules
Here's what you need to know to turn your super into a regular source of tax-free income and enjoy life after work.
Need more details?
Read the PDS for a summary of the features, benefits, and risks of our retirement products.
