Retirement Income Strategy

Everyone’s retirement story is different and whether you’re in the stages of planning, or are already retired, we want to help you maximise your savings and build the retirement that’s right for you.

What is the Retirement Income Strategy?

Super funds are required to create a Retirement Income Strategy (RIS) which identifies the retirement needs of their members and to develop a plan to meet those needs. Our RIS has been designed for members who are aged 50 years and over, because we believe this is where the retirement journey generally begins. It sets out how we plan to assist members to achieve and balance three important objectives.

 

Maximise retirement income

How we help members reach their best retirement outcomes may include help to understand what support could be available in retirement (including Government support like the Age Pension) or help to make informed decisions (like which product to use, investment options, contributions, and drawdown strategies).

Provide flexible access to funds in retirement

Drawing regular income payments (minimum drawdown amounts apply), or making one-off or lump sum withdrawals to meet ad hoc expenses (like mortgage repayments or to pay off debt), or a combination of both, to help sustain your lifestyle throughout retirement.

Manage expected risks

AustralianSuper considers the impact of different risks (longevity, investment, inflation and any other risks) in relation to the sustainability and stability of your retirement income when designing products and offering investment options.

Sustainability is income that’s reliable, durable, and lasting, and stability is income that’s constant and predictable year on year.

What best describes your situation?

What best describes your situation

How we can help guide your retirement journey

  • Information about Centrelink and government support options
  • Calculators and self-help tools
  • Education webinars, articles, fact sheets and videos
  • Access to general and comprehensive financial advice1
  • Retirement income products: Transition to Retirement Income and Choice Income


Help, guidance and support options

No matter what your situation, we have a range of help, guidance and support options to help you to make the best of your retirement. See options below:

Choice Income, an account based pension product

Provides members with flexible access to savings via regular income payments (minimum drawdown amounts apply) or lump sum withdrawals, while keeping savings invested for potential investment returns throughout retirement. 

Learn more

Transition to Retirement Income product

Gives members who have reached preservation age the flexibility to receive payments from their super while they’re still working, allowing you to contribute in a tax effective manner.

Learn more

Government age pension

Most Australians are eligible for the Government Age Pension. If you’re among them, you can use it to supplement your income.

find out more

Brochures & fact sheets

Download informative brochures and fact sheets, as well as useful forms for super, retirement, insurance and employer admin.

Learn more

Learn = DIY help

Articles and online learning modules to help you reach your best retirement.

Learn more

Your advice options

You can talk to us face to face, online or over the phone about your financial future.

find out more

Where to next?

What’s your super when you retire?

Use the super projection calculator to find out how much super you could have when you retire, how long it could last and how you could make a big difference now.

calculate now

Discover Choice Income

Find out how you can turn your super into a regular income alongside your Age Pension payments with our account based pension, Choice Income.

learn more

Start planning your retirement

It’s never too early or too late to plan retirement. Here’s some things to think about.

learn more
1. Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.
Back to top