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What's a Lifetime Pension?

It's a retirement income stream that never runs out. With our Lifetime Pension, you can turn your superannuation into fortnightly payments for life. And there's a spouse protection option, too.

Our award-winning Lifetime Pension also works with your Retirement Income account and the Age Pension to give you security in retirement.

You can start your Lifetime Pension through our QSuper website.

  • Income for life

    Get a tax-free income for the rest of your life, no matter how long you live.

  • Spouse protection

    Choose to have payments continue to your partner if you pass away, so they'll have an income for life.

  • Money-back protection

    Designed so you get your money back in fortnightly payments, or so your beneficiaries get what's left if you die.

  • Aged Pension benefits

    Potential to either become eligible for an Age Pension or get higher payments with a Lifetime Pension.

Get an award-winning retirement plan

When it comes to making your super last, you're on a winner with our Lifetime Pension. Our latest awards are among many we've won over the years for our retirement products.

Canstar Innovation Excellence 2023 award logo Chant West Longevity Product Best Fund 2023 award logo

How does Lifetime Pension work?


Open a Lifetime Pension with your super

You'll need at least $10,000 in super to buy a Lifetime Pension. Your money goes into a pool of funds.


We take care of investments

The pool's invested in the QSuper Balanced investment option for Retirement Income accounts.


Get regular income for life

You get payments from this pool for the rest of your life (and the life of your spouse with the spouse protection option).

Everyone's payments change each year to reflect the financial performance of the pool. We expect payments to go up over time, but they may go up or down in any year.

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Watch on YouTube: Lifetime Pension

Follow Sue on her retirement journey

Watch how Lifetime Pension works with other pensions, how your money's invested, and what happens if you die sooner than expected.

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What else do I need to know?

Once you open a Lifetime Pension, you'll have 6 months to make sure it's right for you. After that, it's a permanent purchase. Read all the details in the product disclosure statement (PDS).


How to open a Lifetime Pension

You'll need to hop over to our QSuper website to open your lifetime income stream. QSuper is part of Australian Retirement Trust.

  1. Check your eligibility.

  2. Fill in the 2 forms on the QSuper website.

  3. We'll open a QSuper account for you (separate to your ART account/s), then start your Lifetime Pension.

Are you eligible?

You can start a Lifetime Pension between your 60th and 80th birthdays if you meet at least one of the following:

  • Permanently retired
  • Stopped working with your employer after turning 60
  • Aged 65 or older
  • Been given an eligible death benefit
  • Met another approved condition of release.

How much will I get paid?

Your payments in your first year will depend on:

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Check how much you could get in your first year.

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Estimate your total income with 2 types of products.

How Lifetime Pension works with other income sources

Lifetime Pension works with account-based pensions, like our Retirement Income account. You could also get Age Pension benefits if you're eligible – only some of your Lifetime Pension counts towards Centrelink's income test and assets test.

Retirement Income account

Income for lifestyle

Gives you the flexibility to change your payments and take out money anytime.

  • Works with other pensions
  • Choose your investment options
  • Flexible payment options
Tell me more
Lifetime Pension

Income for life

Adds security with payments 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.

  • Rates may change
  • Budget lifestyle only
  • Payments based on your assets and income
Get the details
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Have more questions?

Check the frequently asked questions (FAQs) on the QSuper website.

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Make your super last

Start your Lifetime Pension today to enjoy the security of an income for life.

We offer our Lifetime Pension through the QSuper website, as part of Australian Retirement Trust.