Managed Income account
Steady, simple, set-and-forget.
Retirement is your time to enjoy life. With our Managed Income account, we handle the investments and payments for you, so you can relax and enjoy a steady income throughout retirement.
How it works
What are the benefits?
When you move your super into a retirement income account, it’s designed to give you confidence, flexibility and peace of mind. Here’s how the Managed Income account supports you:
- Income designed to last
Your super is paid to you like a regular income, with payments designed to last until around age 90.
- Set-and-forget simplicity
Our investment experts manage your investments and calculate your payments for you, so you don’t need to make ongoing decisions.
- Steady, predictable payments
Enjoy reliable, fortnightly income paid straight into your bank account, so you can plan your spending with confidence.
- Access your money anytime
Withdraw extra money whenever you need to cover bills, holidays or big purchases. Although it may reduce future payments and how long your income will last.
- Your super is still invested
Your remaining balance stays invested, with the potential for growth over time, helping your retirement income last longer.
- Regular annual review
Your payments are checked each 1 July and adjusted for CPI or changes in your balance if you took out lump sums.
Are you eligible?
You can open a Managed Income account if you’re:
- Between 60-65 and have retired or stopped working for an employer,
- or 65 or over (even if working).
You can then transfer at least $20,000 from your super account into your Managed Income account
Support to help you decide
If you’d like to talk through whether a retirement income account is right for you, our super experts can walk you through what to expect and how it works.
Additional information
Retire with us and you could get a bonus to kick off your next adventure. The retirement bonus is a tax saving we pass on to you, when you move your super to a tax-free retirement income account, such as our Managed or Flexible Income accounts. The amount is calculated as a percentage of your starting balance. Sound good?
When you move into a CareSuper retirement income account, you’ll benefit from lower fees. Our administration fee is capped, so you’ll always know exactly what you’re paying. With transparent fees and no surprises, more of your money stays invested — helping your retirement savings go further.
When you open a retirement income account, your super stays invested and continues to support your retirement. We actively manage your super, taking advantage when the markets rise, but we also protect your super during volatile times.
