Flexible Income
We’re in a service transition period
We’re currently completing our merger. You’ll be able to apply for a retirement income account from 21 November after the service transition period ends Find out more.
Take charge of your retirement by turning your super into a flexible and tax-efficient income
With a Flexible Income account, you’re in the driver’s seat. You decide how your retirement savings are invested and have control over how you receive income payments.
What are the benefits?
- Flexible income payments – choose how much and how often you receive payments (within government-set limits), and access lump sum payments if you need them
- Tax-free income payments – there’s no tax on your income payments once you reach age 60
- Tax-free investment earnings – your super will continue to earn you tax-free investment earnings, helping to boost your account balance
- Strong performance – our strong long-term investment performance allows you to maximise your income and manage volatility
- The retirement bonus – you may be eligible to boost your retirement savings and
- Online account management - manage your income easily through Member Online.
Who is eligible?
Anyone who's:
- Between 60-65 who has retired or stopped working for an employer, or
- 65 or over (even if working).
If you’re between 60 and 65 but haven’t met the criteria, you might be able to start accessing some of your super with a Transition to retirement strategy.
Find out more in the Retirement Income PDS