Make the most of your retirement savings
Turn your super into a regular income
Receiving regular payments, gives you control over how much you have to spend in retirement. Plus, you can also use that income from your Choice Income account based pension to top up any Government Age Pension payments you’re eligible for.
Control how often you’re paid
You can set up how much and how often income gets paid into your bank account5. And access extra money to pay for bills, holidays, or other big-ticket items at any time. If you’re 60 or over, regular income payments and withdrawals are tax free.
Keep growing your super
Because your super balance stays invested after you’ve retired, a Choice Income account could make your money go even further. You can decide exactly how you want your savings invested, or let our experts manage it for you.
How does your super balance compare?
This table shows the Average Super Balance of Australians. See how your super balance compares to the average for your age and gender, and how AustralianSuper – a strong long-term performing fund1 can help you grow your savings for retirement.
| Age | Average super balance - men | Average super balance - women |
|---|---|---|
| 45-49 | $224,200 | $146,400 |
| 50-54 | $274,700 | $173,700 |
| 55-59 | $330,700 | $205,800 |
| 60-64 | $322,200 | $246,900 |
Source: Deloitte Average Balances to 30 June 2022, rounded to the nearest $100. People with zero superannuation are not included in average data.
See how AustralianSuper's account based pension performs
Net benefit refers to investment earnings to 30 June 2023 (less admin and investment fees and costs). Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns6.
The below table shows that if a member retired 10 years ago and started with a balance of $300,000 in an AustralianSuper Choice Income account – and withdrew on average $22,200 each year over 10 years as regular income – their balance would have grown to $411,000.
| Net benefit | ||||
|---|---|---|---|---|
| Starting balance | Average yearly income payment over 10 years | Investment earnings over 10 years (less fees) | Balance after 10 years | |
| AustralianSuper Choice Income account Balanced option | $300,000 | $22,200 | $333,000 | $411,000 |
| All super funds (average) - Balanced | $300,000 | $20,900 | $281,100 | $372,200 |
| Retail super funds (average) - Balanced | $300,000 | $19,600 | $219,300 | $323,500 |
Net benefit refers to investment earnings to 30 June 2023 (less admin and investment fees costs and transaction costs). Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns6.
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Important information to consider
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index to 30 June 2023. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.
- Readers Digest Most Trusted Brands – Superannuation category winner for eleven years running 2013-2023 according to research conducted by independent research agency Catalyst Research. Ratings are only one factor to be taken into account when choosing a super fund.
- Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.
- AustralianSuper has a total of 3.26 million members and $299 billion in member assets as at 30 June 2023.
- Income paid into your bank account is subject to an annual minimum amount.
- Comparisons modelled by SuperRatings, commissioned by AustralianSuper. The outcome shows the average difference in ‘net benefit’, a measure of past investment returns after administration, investment fees and costs and transaction costs have been taken out. The results compare the AustralianSuper Choice Income Balanced investment option and comparable pension balanced options, for historical periods to 30 June 2023. The model uses return and fee data that is submitted to SuperRatings. The model assumes: a starting age of 65 commencing 1 July 2013 and finishing on 30 June 2023; a starting balance of $300,000; and a drawdown rate of 6% p.a. Insurance premiums and other fees and costs may apply. Outcomes vary between individual funds. Figures have been rounded to the nearest $100. See Assumptions for more details about modelling calculations and assumptions. Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns
- AustralianSuper received the Canstar Outstanding Value Award for Superannuation in 2023, and Account Based Pension in 2022. Awards and ratings are only one factor to be taken into account when choosing a super fund canstar.com.au/star-rating-reports/superannuation/