Product features

The AustralianSuper Pension is open to anyone who is approaching retirement or permanently retired (subject to eligibility).

Benefits of the AustralianSuper Pension include:
 

• Low fees
• Strong, long-term investment performance
• A choice of 15 investment options
• Online access to your account at any time with PensionOnline
• Flexible payment options, allowing you to choose how much and how often
• Transition to Retirement option if you are still working
• Tax-free investment earnings for all members;
• Tax-free pension payments if you are aged 60 or over
• Comprehensive member education
• Access to home loans, banking products, health insurance, non-super investment products and commission-free financial advice.

 

What are the benefits of a pension?

There are many benefits for people in retirement who take their super as a pension through a super fund like AustralianSuper. With a pension you:
 

• continue to receive a regular income paid directly to your bank account
• keep your money in the super system and are eligible to receive tax-free investment earnings and other tax benefits
• pay no tax on your pension payments if you are aged 60 or over
• have the option to make lump sum withdrawals on top of your regular pension payments*
• may improve your eligibility for the Government age pension, as the income received in an account-based pension is favourably treated under the income test for Centrelink purposes.

_{*Conditions apply if you are taking up a pension using the Transition to Retirement option.}