#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
Enjoy retirement, knowing you've got an income for life
We know the importance of making your super last through retirement. That’s why we created a new retirement product called Lifetime Pension to give you an income for the rest of your life.
Receive an income for the rest of your life, and the life of your spouse (if you've chosen the spouse protection option), no matter how long you live.
Request a call to discuss our options
Use our calculators to get a comprehensive view of your retirement income, including the Age Pension.
Compare the income you could receive in your first year with a QSuper Lifetime Pension using different purchase amounts.
Explore how a combination of different products may work for you over the course of your retirement.
Here's what to expect when you choose QSuper's Lifetime Pension.
When you buy a Lifetime Pension, your requested purchase amount is transferred from your other QSuper super accounts, combined with the money of other Lifetime Pension members, and invested by QSuper.
You may receive a bonus when you use money from a QSuper Accumulation account or Transition to Retirement (TTR) Income account to purchase a Lifetime Pension (if eligible).
Tax-free payments will be made to your bank account each fortnight for the rest of your life.
Your payment amount will be adjusted each year on 1 July, to reflect the performance of the underlying investment of the pool and other factors such as fees and mortality experience. This means that while payments are expected to increase over time, they may go up or down.
Not all of your money in a Lifetime Pension will be counted towards the government's income and assets tests. This means you could receive higher Age Pension payments than you may otherwise have qualified for.
You have a cooling-off period of 6 months from when your QSuper Lifetime Pension starts to decide if it's right for you. After this time, the Lifetime Pension will be a permanent purchase.
How much you will be paid depends on:
This table shows the annual payment amounts per $100,000 at the start of a Lifetime Pension, until the annual adjustment on 1 July 2021. Your first-year payment amount will be a pro-rata amount according to when you purchased the product.
QSuper Lifetime Pension Income Estimator See how much your first year of payments could be
If you choose to have payments continue to be paid to your spouse when you pass away, the spouse protection rate will apply, based on the age of the younger person. You can't switch between the single and spouse protection rate once your Lifetime Pension has started. The amount you receive after the first year is subject to the annual adjustment based on the pool's financial results. Download the PDS for more information.
Payment amount at start of Lifetime Pension per year per $100,000
QSuper's Lifetime Pension and Retirement Income account are designed to be used together for a complete retirement income solution.
Your retirement is unique to you – so you can decide how much of your super you'd like to allocate to each product.2
Whether you want the flexibility of being able to withdraw extra money at any time from a Retirement Income account, or the peace of mind of receiving an income for life from a Lifetime Pension, you can tailor a retirement income solution to meet your individual needs.
More about our Retirement Income account
If you've made a decision and want to make your super last, purchase your Lifetime Pension now. Not yet a member? Join today
Professional advice could help you decide whether you might benefit from our Lifetime Pension and/or a Retirement Income account.