A focus on long-term performance
Money magazine’s Best Retirement Innovator 20232
Enjoy retirement, knowing you have an income for life
How do you make your money last in retirement? Our award-winning Lifetime Pension is designed to work with an account-based pension to allow you to enjoy life without worrying about your savings running out.
Receive a tax-free income for the rest of your life, no matter how long you live.
Choose to have payments continue to your partner after you pass away, so they'll have an income for life.
Get your purchase price back in fortnightly payments, or what's left goes to your beneficiaries once you pass away.1
Potential to either become eligible for an Age Pension or receive higher payments with a Lifetime Pension.
We've designed the Lifetime Pension to give you security in retirement.
Payments are expected to increase over time, but they may go up or down.
Once you open a Lifetime Pension, you have 6 months to decide if it's right for you. After this, it's a permanent purchase. Learn more at one of our member seminars for members and their guests.
Use our pension calculators to see how you could create your own retirement income stream.
How much you will be paid in your first year depends on:
QSuper Lifetime Pension Income Estimator See how much your first year of payments could be
This table shows the annual payment amounts per $100,000 at the start of a Lifetime Pension. Your first-year payment will be a pro-rata amount according to when you purchased the product. Payments after the first year will be based on our annual adjustment.
The spouse protection rate will apply if you choose to have payments continue to your spouse when you pass away, based on the age of the younger person.
Download the PDS for more information.
Payment amount at start of Lifetime Pension per year per $100,000
Find out how much you could get in your first year.
Compare your income when using different products.
Our Lifetime Pension has won several awards for helping you feel more confident about enjoying retirement. These include the global Pensions & Investments' Innovation Award 2021 and Money magazine's Best of the Best – Retirement Innovator 2023.2
If you're eligible, you'll get a bonus when you open a Lifetime Pension with money from your QSuper Accumulation or Transition to Retirement account.
If you've decided you want to make your super last, start your Lifetime Pension now. If you're still deciding, request a call to discuss your options.
Our Lifetime Pension isn't an annuity. It's an innovative new retirement product that's the first of its kind in Australia.
There are a few key differences between our Lifetime Pension and a traditional annuity:
There are also a few similarities between Lifetime Pension and a traditional annuity:
Try our Lifetime Pension calculator to see how much income you could get in your first year or attend one of our member seminars.
You can start a Lifetime Pension any time between your 60th and 80th birthdays, if you meet at least one of the following conditions:
Download the PDS (pdf) to find out more about eligibility. If you don't already hold a QSuper account, you can still open a Lifetime Pension.
You can also open a Retirement Income account anytime after retiring, and these two products are designed to work well together.
Attend one of our member seminars to find out more about your retirement options.
Yes, once you open a Lifetime Pension with your super, it becomes an income stream.
If you're not ready to retire, our Transition to Retirement Income account gives you payments from your super while you're still working.
Find out why it's great to retire with us. You can explore your options for retirement income with our Retirement Calculator to help you make the most of your super.
Our Lifetime Pension isn't an account-based pension but it's designed so you can combine it with one - like our Retirement Income account - to take advantage of the differences between the two product types:
Using our Lifetime Pension together with an account-based pension can give you the best of both worlds - the confidence of an income for life, and the flexibility to withdraw money when you need it.
Learn more about account-based pensions or consider getting financial advice about how our retirement solutions might suit you.
Can't find an answer to your question? Try our full list of Lifetime Pension FAQs
Lifetime Pension is designed to work with an account-based pension, like our Retirement Income account. You could get Age Pension benefits too (if eligible) because only some of your Lifetime Pension funds are counted in Centrelink's income and assets tests.
Gives security in retirement knowing your payments won't stop, no matter how long you live.
Adds flexibility by allowing you to change your payments and access your money anytime.
Provides income support from the government for the essentials in life.
Income to pay for the things you cannot live without, such as:
To pay for the things that improve your standard of living, such as:
Come along to our Retirement Income for Life seminar for members. Learn more about making the most of your super.
More than $240 billion in retirement savings
Over 140 years' combined experience helping members3
2.2 million members and counting
Super you can trust. QSuper is part of Australian Retirement Trust, one of Australia's largest super funds.
Start your Lifetime Pension today to enjoy the security of an income for life.
1. Money-back protection may be subject to legislative maximums and adjustments for negative returns. Further details are available in the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf).
2. Awards and ratings are subject to change and only one factor to be taken into account when deciding to invest. Past performance is not a reliable indicator of future performance. See our awards page for more details.
QSuper products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust (ABN 60 905 115 063). QSuper is now part of Australian Retirement Trust. Read the product disclosure statement (PDS) and target market determination to check if this is right for you or call us on 1300 360 750 to request a copy.