My options

When you’re ready to retire, you can choose how you want to access your super. Or, find out how you could benefit from transitioning to retirement. A lump sum withdrawal isn’t the only way to get your super. When deciding how you want to access your savings, you should consider your personal circumstances and what works best for you.

Retirement income stream

If you’ve reached your preservation age (see below) and retired for employment, opening a retirement income stream keeps your balance in an account with us, growing your super after you retire. Regular payments are made to your nominated bank account. These payments are tax free if you’re over the age of 60. You can choose how often you want to receive payments and have the option to make additional lump sum withdrawals on top.

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Transition to retirement

If you’ve reached your preservation age under government rules (see below), you can access your super even while you’re still working. This means you could reduce your working hours and still get the same take-home pay. And because you’re still working, you can keep growing your super balance at a faster rate.

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Call 1300 307 844

For help managing your super and your membership

When can I start income payments?

Even though you can access your super on retirement, at age 55 under ElectricSuper rules, you must be over the government's preservation age to commence an income stream using your ElectricSuper benefits. You can access your super when you have reached your preservation age. This age is set by law and depends on your birth year.

Date of birth Preservation age

Before 1 July 1960

55

1 July 1960 – 30 June 1961

56

1 July 1961 – 30 June 1962

57

1 July 1962 – 30 June 1963

58

1 July 1963 – 30 June 1964

59

From 1 July 1964

60

What's next?

How much will I need?

Find out how much you’re likely to need to enjoy the lifestyle you want in retirement.

Lifestyle

Enjoy your retirement by focusing on your wellbeing as well as your finances.

Beneficiaries

Make things easier for your loved ones in the future by nominating beneficiaries.

What our members say

“I gained a better understanding of my current superannuation position, other superannuation products available to me & general retirement options.”

Retirement

Our first priority is helping you reach your financial goals so you can enjoy retirement. We’re here to help you manage your options, ensuring that you always get the most out of your super. With low fees and great investment returns, you can be confident that your super is in the best shape.

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Come and talk to us

Get your super sorted with a face to face consultation.

No cost. Start growing your super today.