Skip to Main Content
Time to read read

Account-based pension

What is an account-based pension?

An account-based pension, (also known as an income stream) is a regular retirement income provided by your super fund. It’s a payment available to retirees who have reached the age at which they can start accessing their super. This income stream can bring tax and other benefits, including investment returns.

How do income streams work?

When you’re ready to retire, you can open an income stream account with your super fund. It’s a bit like a bank account, a regular income and a super account, all rolled into one, because you get to choose:

  • How much you transfer from your super to your account (set minimums apply)
  • How much you receive via regular payments (set minimums apply)
  • The frequency of those payments
  • How you want the balance of your account to be invested (via your fund’s investment options).

There are some rules that go with income streams. Super funds set a minimum initial deposit to open an account, and the Government sets minimum annual drawdown amounts you must receive via regular payments. For many people however, the benefits far outweigh the obligations.

All Industry SuperFunds offer account-based pensions

Industry SuperFunds have the following benefits:

  • A history of strong investment returns
  • Low fees
  • Flexible investment and transfer options
  • All profits going back to members

What's your question?

warning Your question will be sent directly to the fund you select

Talk to someone who knows how to help

warning Your question will be sent directly to the fund you select

  • You will be called back at the next available opportunity.

Thank you for your enquiry

An error has occurred

Due to a technical fault we are unable to to submit your form at the moment. Please try again later.

Additional details: