What's an account-based pension?
Our Retirement Income account is a type of account-based pension. So when you retire, you can keep your super invested and earning returns, while getting regular payments.
The best part? You can take extra money out when you need it to enjoy this next stage of life.
Our Retirement Income account works well with our Lifetime Pension and/or the Age Pension.
Not quite ready to retire? Check out our Transition to Retirement account instead.
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 our Retirement Bonus to kick-start your account.
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.
Get regular payments
Subject to the minimum amount, decide how much and when you get paid. 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 to take money from.
Try our account-based pension calculator
Are you on track for the lifestyle you want in retirement? Use our retirement calculator to see how long your super could last.
How an account-based pension works with other income sources
Our retirement products are designed to be used on their own or combined with other income streams.
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?
You can speak with a financial adviser about retiring with ART – the cost is included with your membership.2
How to open a Retirement Income account
Log in to Member Online, or if you're not a member, join today.
In the menu, select Account, then Set up an Income account.
Follow the steps to start your account.
Check your eligibility
You can open our Retirement Income account if:
- You've reached age 60 (your preservation age to access your super) and retired
- You're 65 years or older
- You've stopped working with your employer after turning 60
- You've been given an eligible death benefit
- You've met another approved reason to access your super early
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 Product Disclosure Statement for a summary of the features, benefits, and risks of our retirement products.
