If you’d like to open a Transition to Retirement Income account, we make it easy for you. All you need to do is check your eligibility then follow three simple steps and you’ll be all set up.

Firstly, make sure the following applies to you. You must:

  • be aged between your preservation age (see below) and 65 years and still working
  • have a minimum opening account balance of at least $30,000.

Take a look at the table below to find your preservation age.

Your date of birth

Your preservation age

Before 01/07/60

55

01/07/60 - 30/06/61

56

01/07/61 - 30/06/62

57

01/07/62 - 30/06/63

58

01/07/63 - 30/06/64

59

01/07/64 or after

60

Now, make sure you complete this three-step process

1. Read the Income Account PDS to confirm you’re eligible.

2. Make some decisions about what you’ll do with the money you want to invest:

    • Do you have super in other funds you'd like to contribute to your Income account?
    • Do you have money outside of super that you’d like to contribute? (Don’t forget the contributions caps that apply before excess tax is payable).
    • What investment options do you want your money invested in?
    • How much and how often do you want to be paid?
    • Who do you want your money to go to when you die (think beneficiaries)?

3. Open an Income Account via Member Online or download the Open an Income Account form, and we'll get your account set up so you can start receiving income payments.

Get advice

Sometimes you need advice about the investment decisions you make. A QInvest1 adviser can help you make sense of your options.

1. Advice fees apply.