What types of pension payments can I receive?

Retirement Account

When you have a Retirement account you can withdraw your super via an income stream or lump sum payment. You can choose the frequency and amount you wish to receive with income stream payments, with a minimum of between 4-14% of your account balance per year depending on your age. 

There is no maximum amount you can withdraw from a Retirement account.

Transition to Retirement Account

When you have a TTR account you can withdraw your super via an income stream payment. You can choose the frequency and amount you wish to receive each payment, with a minimum of 4% and maximum of 10% of your account balance per year.

You can change your payment type, frequency and amount from the Profile of your Superhero Retirement or Transition to Retirement account.

Further information is available in the Superhero Retirement Product Disclosure Statement.