Turn your super into an income stream that is regular

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An pension that is account-based regular, versatile and tax-effective earnings from your own superannuation.

You may get one whenever you reach ‘preservation age’ (between 55 and 60). It persists provided that your super money does, it is maybe maybe not really an income that is guaranteed life.

Just just just How an account-based retirement works

An pension that is account-basedor allocated retirement) is a frequent earnings flow purchased with cash from your super whenever you retire.

Typically, you can select:

  • just how much you intend to move to the ‘pension stage’ (subject to stability transfer cap, Australian Taxation workplace site)
  • the dimensions and regularity of one’s re payments (within minimum or optimum permitted)
  • the way you want your super invested (throughout your investment)

Preservation age

You will get your super when you retire and achieve your conservation age. This might be between 55 and 60, based on once you had been created.

Minimal amount of cash to withdraw


You will need to withdraw the very least amount each which depends on your age year.


Yearly re payment as percent of account balance

Frequency of payments

You can easily organize for month-to-month, quarterly, half-yearly or payments that are annual. Re Payments continue before the balance runs out or perhaps you simply take what exactly is kept as a swelling amount.

How long your retirement lasts

Just how long your account-based pension lasts depends on:

  • the actual quantity of super you transfer to your retirement account
  • exactly how much you ingest payments every year
  • super investment profits
  • just how much you spend in charges