Chant West 2021 Innovation Best Fund Winner

We know the importance of making your super last for the rest of your life. Our Lifetime Pension won both Chant West's1 and Pensions & Investments'2 Innovation Awards for 2021, for helping you feel more confident about enjoying retirement.

Why choose QSuper's Lifetime Pension

Made to last a lifetime

Income for 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.

Spouse protection

You can choose to have payments continue to be paid to your spouse after you pass away, giving you the security of knowing they'll be financially supported in your absence.

Money-back protection

The Lifetime Pension is designed so that you receive your purchase price back in fortnightly payments, or the remainder goes to your beneficiaries once you pass away.3

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Understand how Lifetime Pension could work for you

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Use our calculators to get a comprehensive view of your retirement income, including the Age Pension.


QSuper Lifetime Pension Income Estimator

Compare the income you could receive in your first year with a QSuper Lifetime Pension using different purchase amounts.

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Retirement Calculator

Explore how a combination of different products may work for you over the course of your retirement.

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How our Lifetime Pension works

Here's what to expect when you choose QSuper's award-winning Lifetime Pension.


Purchase your 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.


Receive a potential retirement bonus

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).


Enjoy regular, tax-free payments

Tax-free payments will be made to your bank account each fortnight for the rest of your life.


Payments are designed to increase

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.


Take advantage of Age Pension benefits

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.


Time to decide if it suits you

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.

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How much you will be paid depends on:

  • Your purchase price
  • Whether you have the single or the spouse protection option
  • Your exact age in days when your Lifetime Pension starts (or if you have the spouse protection option, the age of the younger person)
  • When your Lifetime Pension starts during the financial year.

This table shows the annual payment amounts per $100,000 at the start of a Lifetime Pension, until the annual adjustment on 1 July each year. Your first-year payment amount will be a pro-rata amount according to when you purchased the product.

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

Starting age Single person rate Spouse protection option rate
60 $6,164 $5,707
61 $6,259 $5,776
62 $6,361 $5,850
63 $6,471 $5,930
64 $6,589 $6,015
65 $6,716 $6,107
66 $6,854 $6,206
67 $7,003 $6,312
68 $7,164 $6,427
69 $7,339 $6,550
70 $7,529 $6,684
71 $7,736 $6,830
72 $7,962 $6,987
73 $8,208 $7,159
74 $8,479 $7,346
75 $8,777 $7,551
76 $9,107 $7,775
77 $9,472 $8,021
78 $9,878 $8,291
79 $10,330 $8,590
80 $10,834 $8,920

Lifetime Pension + Retirement Income account

How QSuper's retirement solutions work together

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.4

Build your own solution

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.

Fund your retirement

In retirement, you may choose to use a combination of income from a Lifetime Pension and the Age Pension to pay for things like food, clothing, and electricity bills, while using income from a Retirement Income account to pay for the extra things like holidays, meals out, and entertainment.

Guidance and support

We’re committed to helping you make informed decisions about your future. As a QSuper member, you have access to exclusive member seminars and personal advice.

Purchase Lifetime Pension

If you've made a decision and want to make your super last, purchase your Lifetime Pension now.  Not yet a member? Join today

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Get financial advice

Professional advice could help you decide whether you might benefit from our Lifetime Pension and/or a Retirement Income account.

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For more information

Get answers to frequently asked questions and learn more about QSuper Lifetime Pension.

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1. © Zenith CW Pty Ltd ABN 20 639 121 403 (Chant West), Authorised Representative of Zenith Investment Partners Pty Ltd ABN 27 103 132 672, AFSL 226872 under AFS Representative Number 1280401, 2021. It is only current at the date awarded by Chant West. The rating and associated material is only intended for use by Australian residents within the jurisdiction of Australia and is not permitted to be considered or used by a party outside of Australia. Chant West does not issue, sell, guarantee, or underwrite this product. For further information about the methodology used by Chant West, see Chant West has given and has not withdrawn its written consent to the inclusion on this website of the references to Chant West and the inclusion of the ratings logo or rating in the form and context in which they are included. Past performance is not a reliable indicator of future performance. Awards and ratings are only one factor when deciding how to invest your super.
2. Winner, 2021 Pension & Investments’ (P&I) Innovation Award, World Pension Summit held at The Hague, Netherlands on 14 October 2021. Past performance is not a reliable indicator of future performance. Awards and ratings are only one factor when deciding how to invest your super. For more information, visit P&I.
3. 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).
4. Subject to transfer balance cap and minimum investment amounts. Further details are available in the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf).