Pension account options

Retire how and when you want with a pension account to suit your lifestyle.

Pension account options

Easy, tax-effective pension options to help you live the retirement you want.

Whether you’re easing into retirement or ready to say goodbye to working life, we have a pension option to meet your needs.

Types of accounts

We offer three types of pension accounts:

  1. Transition Pension – if you’re looking to access some of your super while you’re still working and want to ease into retirement.
  2. Managed Pension – if you’re fully retired and want a stable, long-lasting regular income.
  3. Control Pension – if you’re fully retired and want flexible, regular income and control over how your money is invested.

Whichever option you choose, you’re in control of your money and your future.

Pension guide

For the details about our pension account options, including investment options, fees and costs, payment options, eligibility and more, read the Pension guide

Need help?

We’re here to help you get set up right for retirement. To chat with one of our super experts, call us on 1800 005 166.

Transition Pension

Reduce your work hours without reducing your income or give your super savings a boost.

A Transition Pension can help you ease into retirement at your pace. With a Transition Pension, you can access some of your super while you're under age 65 and still working.

There are two ways you can use a Transition Pension to get the most out of your super:

  1. Work less but keep the same level of income
    If you're not ready to stop working altogether but want more time to do the things you love, you can use a Transition Pension account to supplement your current income. This will allow you to reduce your working hours without reducing your income.
  2. Save more super
    If you've reached your preservation age and are still working, you can use a combination of salary sacrifice contributions and payments from a Transition Pension to grow your super faster. It's a great way to give your super a boost while you work towards retirement.

For examples of how the Transition Pension works, read the Pension guide.

Benefits of a Transition Pension

There are many benefits of starting a Transition Pension account with us, including:

  • access to some of your super while you're still working through regular pension payments
  • continued retirement savings growth as your account stays invested
  • tax-free payments from age 60.

Want to discuss which pension account might be right for you?

Chat to a super expert by calling us on 1800 005 166.

Managed Pension

Our hassle-free pension option where we do the heavy lifting for you.

With a Managed Pension, we do all the work for you. We handle all the investment decisions and manage your account to deliver you a stable income over the long-term. All you need to do is sit back and enjoy your retirement.

Benefits of a Managed Pension

There are many benefits of starting a Managed Pension account with us, including:

  • investment of your savings with the aim of providing an income to last through your retirement (targeting regular income payments until age 90)
  • stable, regular income payments that are generally indexed to keep pace with inflation
  • tax-free payments and withdrawals
  • tax-free investment earnings
  • the retirement bonus (if eligible)
  • flexibility to make withdrawals or change to a Control Pension.

To find out more about the Managed Pension and our other pension account options, read the Pension guide.

Want to discuss which pension account might be right for you?

Chat to a super expert by calling us on 1800 005 166.

Control Pension

Flexibility and control over your retirement savings.

With a Control Pension, you’re in the driver’s seat. You decide how your retirement savings are invested and have control over how you receive pension payments.

Benefits of a Control Pension

There are many benefits of starting a Control Pension account with us, including:

  • regular and flexible income payments (generally tax-free from age 60)
  • control over how your retirements savings are invested
  • continued retirement savings growth as your account stays invested
  • tax-free investment earnings
  • the retirement bonus (if eligible)
  • flexibility to make withdrawals or change to a Managed Pension.

To find out more about the Control Pension and our other pension account options, read the Pension guide.

Want to discuss which pension account might be right for you?

Chat to a super expert by calling us on 1800 005 166.

Related resources

We're experiencing high call volumes. Thanks for your patience as we work to reduce call times. Forgot your member number? Find it now...