Pension Accounts

Consider joining our platinum rated* Suncorp Brighter Super Pension and you could enjoy discounts on admin fees for large account balances, tax benefits and investment flexibility.^

Superratings platinum 2021 pension

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How does a pension account work?

A pension account is like an extension of the super account you had while you were working, except you can withdraw money from it.

When you retire, a pension fund gives you regular income payments, taken from your super savings, or you can supplement your income while you ease into retirement using a transition to retirement strategy. Investment earnings are generally tax free for retirement income accounts and taxed at up to 15% for transition to retirement income accounts.

If you're ready to retire or eligible to access your super and want to start using your retirement savings, then a pension account may be right for you.

Enjoy a regular income

Retirement doesn’t have to spell the end of your current lifestyle. With our account-based pension options, you receive a regular income paid directly to your bank account.

Tax-effective

If you’re aged 60 or over, pension payments, lump sum withdrawals, and your fund’s investment returns are tax free. 

Withdrawal options

With a pension account, you’ll have the option to make lump sum withdrawals for those one-off expenses that come up. Any savings you don’t withdraw can stay invested and continue to grow.

Investment flexibility

Your savings remain invested in the superannuation environment, allowing you to choose the investment option or combination of investment options that best suit your needs.

Compare our retirement income options

SIMPLE & CONVENIENT

Access your retirement funds when and how you want, while receiving the benefits of our lowest fees and lifestage investment options

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No investment switching fees or commissions

No unnecessary extras and reduced paperwork, with communications securely issued electronically

A tailored range of investment options or keep it simple with our Lifestage funds

Choose your payment amount and how often you receive payments

FLEXIBLE OPTIONS

For a customised investment strategy and added support, opt for Brighter Super. This is the comprehensive Super choice that gives you the control and tailored investment options to see you through retirement.

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Discounts on admin fees for large account balances

Build your own portfolio from 20 options or let us do it for you with our Lifestage funds

No investment switching fees or commissions

Choose your payment amount and frequency

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Calculators & resources

Use our helpful tools to help determine how making small changes now could improve your financial situation later.

Things you should know

* The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). For more information about criteria used to rate super products and what the different ratings mean, please refer to SuperRatings’ Ratings and Awards - Super Fund.  Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for more ratings information and to access the full report. © 2020 SuperRatings. All rights reserved.

^ Discounts and/or tax benefits are subject to eligibility requirements, conditions and own circumstances. Before making any decision, we recommend speaking to a financial adviser and consider the Brighter Super Personal and Pension PDS and Product Guide.