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Our Accumulation accounts

Life can be complicated, so we like to keep things simple. Your Super Savings membership includes access to both Super Savings Accumulation account to help save for your future and a Super Savings Retirement Income account for when you are transitioning to retirement or when you have retired.


Become a Super Savings member today

Super Savings

Super Savings is a super solution that will help you manage your super from your very first day of work and throughout your retirement. 

How super works 

Save while you're working

You'll have access to both an Accumulation account to help save while you're working that you can normally take with you when you change jobs, and an Income account to receive a regular income when you are retired or transitioning to retirement (once eligible).

Supplement your income

When you are nearing retirement, but still working (subject to some rules set by the government), you can activate your Income account to receive regular payments from your super to supplement your income. You can also continue to save for your retirement in your Accumulation account. You may even be able to get tax benefits to help you grow your super balance. Then, when you retire you can receive a regular payments from your Income account or you can withdraw some or all of your account balance when you need it.

Accumulation account in a nutshell

  • Contributions and rollovers go into your Accumulation account.
  • Your balance is invested and your super grows over time.
  • You have a choice of 19 different investment options.
  • If you’re eligible, you’ll receive Death and/or Total & Permanent Disability Assist cover automatically when you join Australian Retirement Trust.
  • When you retire, you can withdraw your money, or you can open an Income account and receive regular payments.
  • Investment earnings are generally taxed up to 15%.
  • Generally, you can’t make a withdrawal until you reach your preservation age and retire, or turn 65 (although it can be accessed earlier in limited circumstances).

Income accounts in a nutshell

If you want to receive your super as regular payments when you retire (or transition to retire) instead of all at once, you can activate your Income account.

  • Receive regular payments of your super to supplement income when you start winding down work (Transition to retirement).
  • Receive money as regular repayments when you retire (Retirement).
  • Withdraw some or all of your balance when you need it.
  • There are no exit fees for partial lump sum withdrawals.
  • Investment earnings (returns) are generally tax-free for Retirement Income accounts,1 and taxed at up to 15% for Transition to Retirement Income accounts.
  • You can manage your Income account online using Member Online.
  • Receive a Retirement Bonus of up to $9,500 when you open a Retirement Income account (subject to eligibility and conditions apply).2

    1. Taxes may be payable in foreign countries in respect of income derived from non-Australian investment earnings, and a penalty tax on notional earnings may apply if you have a high total balance in one or more superannuation retirement pensions.

    2. Subject to eligibility criteria, including a 12 month minimum membership period. Please note other conditions apply. Visit the Retirement Bonus page for more details.