Pension accounts

If you're now eligible to get access to your super, opening a pension account could be the right solution for you 
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How does a pension account work?

A pension account is like continuing with the super account you had all your working life, except you’re now allowed to withdraw money from it. It gives you regular income payments, taken from your super savings.

If you're ready to retire, eligible to get access to your super and want to convert your super to a retirement income stream, then a pension account may suit you

Regular income

Receive a regular income paid directly to your bank account.

Tax advantages

If you’re 60 or over pension payments and lump sum withdrawals are tax free. You also pay no tax on investment earnings.

Withdrawal options

The option to make lump sum withdrawals for those one-off expenses that come up.

Investment growth

Your savings remain invested, so it may continue to grow depending how it’s invested and how markets perform.

Please note: There is an age-based minimum amount that you must withdraw every year, which is set by the government. View our Suncorp Everyday Super™ or our Suncorp Brighter Super™ Product Guide for details
How to apply or find out more

We offer two pension accounts. If you're not already a Suncorp Everyday Super or Suncorp Brighter Super customer, review the options below to see which may suit you best.

Suncorp Everyday Super Pension A simple online account
Suncorp Brighter Super Pension A comprehensive, tailored account

Call our experts for a free chat, mon-fri 8am-6pm
1800 207 754

You may also be interested in…

Transition to Retirement

Transition to retirement (TTR) is a strategy available to people who’ve reached their preservation age. It involves having both a super and a pension account at the same time, and may have the following benefits:

  • It lets you boost your super balance while you’re still working full time without reducing your take-home pay.
  • It lets you reduce your working hours without reducing your take-home pay.