A focus on strong performance
SuperRatings' Pension of the Year 4 years in a row4
Enjoy retirement, knowing you've got an income for life
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.
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.
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 the QSuper award-winning Lifetime Pension.
When you buy a Lifetime Pension, your purchase amount is combined with the money of other Lifetime Pension members, and this pool of money is invested in our Income account's Balanced option.
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. Find out more
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 each year. 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
Our Lifetime Pension is designed to be used together with the QSuper Retirement Income account, or another account-based pension, 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
Whether you want the flexibility of being able to withdraw extra money at any time from a Retirement Income account or another account-based pension, 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, start your Lifetime Pension now.
Professional advice helps QSuper members decide whether they might benefit from our Lifetime Pension and/or a Retirement Income account.
Get answers to frequently asked questions and learn more about QSuper Lifetime Pension.