Pension Accounts
Consider joining our Gold rated* Suncorp Brighter Super Pension and you could enjoy discounts on admin fees for large account balances, tax benefits and investment flexibility.^
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.
This information is a brief summary only of some features of Suncorp Everyday Super and Suncorp Brighter Super pension accounts. Learn more about each product by reading the relevant Product Disclosure Statements and Product Guides. You can also find information about the target market for each of these products in the Everyday Super Target Market Determination and Brighter Super Target Market Determination, which are available here. It is important that you consider these documents before deciding whether to open a pension account with us. You may also wish to obtain advice from a financial adviser who can take into account your personal circumstances and objectives before making any decision. Suncorp Everyday Super and Suncorp Brighter Super are issued by SPSL Limited ABN 61 063 427 958 AFSL 237905.

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. © 2022 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.