Where are you at with your super?

What we offer

Club Super offers two types of Income Stream Accounts to give regular payments as income to retirees and those transitioning to retirement who have reached their preservation age.

Our Income Stream Accounts offer you:

  • flexibility in accessing your retirement savings;
  • a choice of investment options; and
  • death insurance cover for your peace of mind.1

Once you have reached your preservation age, you have the option to access your super with a Transition to Retirement Account. This means you can reduce your working hours and ease into retirement without having to stop work. And, if you are over age 60 your payments will be tax free.

Our Retirement Income Account allows you to invest your super and receive regular income payments until the total balance is exhausted. It also offers flexibility, with the option of being able to access lump sum withdrawals if required.

Retirement Bonus

Get your retirement off to a cracking start with Club Super’s Retirement Bonus. The bonus is funded from the reduction in tax that is payable by the Fund when a member opens a Retirement Income Account.

Other considerations in retirement

Your income in retirement may come from a range of sources, including the Centrelink Age Pension. To receive the Centrelink Age Pension there are financial means test and residency requirements that you need to meet and any money that you have in super can impact your entitlements. To find out more about Centrelink Age Pension, visit the Department of Human Services.

Once you turn 65, or reach your preservation age and retire, you can open a Retirement Income Account. Alternatively, if you have reached your preservation age and are not quite ready to retire, you may wish to consider accessing part of your super by opening a Transition to Retirement Account. These accounts are known as Income Stream Accounts.

Club Income Stream Accounts offer you:

  • flexibility in accessing your savings;
  • a choice of 8 investment options;
  • tax-free investment earnings in the Retirement Income Account and tax-free payments from age 60; and
  • death insurance cover for peace of mind.

Accessing your super can have tax and Centrelink implications so you may wish to seek financial advice first. For more information on Club Super’s Income Stream Accounts, please read the Income Stream PDS or call our Client Contact Centre on 1300 369 330.

Your preservation age is the age that you can access your super if you are retired, or are ready to start transitioning into retirement, and ranges from age 55 to 60 depending on when you were born.

Date of birth

Preservation age

Before 1 July 1960


1 July 1960 - 30 June 1961


 1 July 1961 - 30 June 1962


 1 July 1962 - 30 June 1963


 1 July 1963 - 30 June 1964


 After 30 June 1964


1 Refer to Additional Information - Insurance in your super for more information