#1 for 10-year investment performance1
Our Income account won Money magazine's Pension Fund Manager for 2019.3
We like to keep things flexible for you
How often you receive your income payment is entirely up to you – fortnightly, monthly, quarterly, half-yearly or annually. And you can always change it to suit your needs.
Here’s how to change the frequency and amount of your income payments:
You can also use Member Online to specify the order of investment options your payments are made from.
Minimum payments apply
There’s Commonwealth legislation that requires you to withdraw a minimum amount from your Income account every year. The amount depends on your age and it’s calculated at the date you open the Income account, and then each year on 1 July.
There’s no maximum annual withdrawal amount, unless you have a Transition to Retirement Income account. That has a maximum withdrawal limit of 10% of your opening balance and then 10% of your 1 July account balance in a single year.
If you’d like to find out the minimum income amounts you can receive, check our retirement Income account payment calculator.
Change income payments online