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Receive a regular, flexible and tax-effective income stream from your superannuation.

Receive a regular, flexible and tax-effective income stream from your superannuation.

Income accounts

Looking to make the most of your super?

Look no further than an Income account, where you can receive regular payments into your bank account from your superannuation balance.

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Receive regular payments, like you would from a salary

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Enjoy tax benefits1

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Super invested throughout your retirement

What is an income account?

  • An income account, also known as a pension account, is a superannuation account type which allows you to receive regular payments into your bank account from your superannuation balance.
  • It allows you to receive payments (you can choose the amount) at regular intervals (you can choose the frequency), which could be similar to receiving a salary from an employer.
  • With an income account, your super stays invested. This means there's the potential for continued investment returns throughout your retirement.
  • You also have the ability to make lump sum withdrawals from an income account if you wish.

 I would like advice at no additional cost about my options

beach umbrella icon Retirement bonus

You could be eligible to receive up to $4,800 just by opening a retirement income account.2          
 Learn more

Sunsuper Income account types

Depending on your age and circumstance, we offer two Income account types, a Transition to retirement Income account and a Retirement Income account. Learn more about which Income account type would best suit you below.


Find the right income account type for you diagram

Transition to retirement
Income account


 Eligibility requirements

For those aged 58 - 643 who are still working in some capacity.



When you are nearing retirement, you can supplement or boost your income while you're still working and continue to save for your retirement. This could allow you to reduce your working hours without having to reduce your income.




  • Potential tax benefits
  • Ability to ease into retirement
  • Continue to add to your super

  • Find out more

    Income Account


     Eligibility requirements

    For those aged 65 or over, or those who have reached preservation age (58 years) and are permanently retired.



    You can receive your money as regular payments when you retire with a Retirement Income account. You can also withdraw some or all of your superannuation account balance in a lump sum if you need it.




  • Payments to your bank account are generally tax free when you're 60 or more years
  • Investment earnings are generally tax-free
  • You have flexibility over the amount and frequency of payments you receive (subject to the minimum requirement) 

  • Find out more

    Need advice?

    Our team of qualified financial advisers can help. They can give you personal financial advice at no additional cost about:

    • how much money you’ll need in retirement,
    • if you can access the government age pension,
    • your income options in retirement,
    • protecting you and your family with the right insurance cover,
    • and more

    1 Members who open a Retirement Income account enjoy tax-free investment earnings and no tax on payments or withdrawals after you turn 60. Members who open a Transition to retirement Income account may use the account as part of a tax strategy in the lead up to retirement. We recommended seeking advice to make your superannuation work best for you.

    2 Subject to eligibility criteria, including a 12 month minimum membership period. The Retirement Bonus is generally paid into eligible Retirement income accounts in the July following the financial year in which the retirement income account was established. Please note other conditions apply. Find out more here.

    3 Members are eligible to open a Transition to retirement Income account if they have reached preservation age. Preservation age is between 55 - 64 years, depending on your birth year - read more about preservation age requirements.