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 account2. 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 | $233,300 | $153,200 |
| 50-54 | $281,200 | $188,400 |
| 55-59 | $341,400 | $231,200 |
| 60-64 | $401,600 | $300,300 |
Source: Deloitte Average Balances to 30 June 2024, rounded to the nearest $100. People with zero superannuation are not included in average data.
See how AustralianSuper's account based pension performs
Even in retirement, our history of strong performance1 has given AustralianSuper members an advantage over the long term. The following table compares AustralianSuper’s Choice Income net benefit against the average super fund and the average retail super fund. It shows how a member’s balance would have grown over 10 years to 31 December 2024, whilst still drawing a regular retirement income.
| Net benefit | ||||
|---|---|---|---|---|
| Starting balance | Average yearly income payment over 10 years | Investment earnings over 10 years (less fees and costs) | Balance after 10 years | |
| AustralianSuper Choice Income account - Balanced option | $300,000 | $20,700 | $294,500 | $387,800 |
| All super funds (average) - Balanced option | $300,000 | $19,200 | $241,100 | $348,900 |
| Retail super funds (average) - Balanced option | $300,000 | $18,500 | $212,400 | $327,900 |
Net benefit refers to investment earnings to 31 December 2024 (less administration, investment fees and costs, transaction costs and taxes). Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns3.
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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 31 March 2025. 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.
- 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 fees and costs, investment fees and costs, transaction costs and taxes have been taken out. The results compare the AustralianSuper Choice Income Balanced investment option and comparable pension balanced options, for historical periods to 31 December 2024. Other fees and costs may apply. Outcomes vary between individual funds. See Assumptions for more details. The model uses return and fee data that is submitted to SuperRatings. The model assumes: a starting age of 65 commencing 1 January 2015 and finishing on 31 December 2024; 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. Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns.
- AustralianSuper has a total of 3.56 million members and $367.3 billion in member assets as at 31 March 2025.
- Readers Digest Most Trusted Brands – Superannuation category winner for 12 years running 2013-2024 according to research conducted by leading independent research agency Catalyst Research. Awards and ratings are only one factor to be taken into account when choosing a super fund. Read the full methodology.
- AustralianSuper received the Canstar Outstanding Value Award – Superannuation in 2011-2025, and Outstanding Value Award – Account Based Pension in 2018-2024. Read the full methodology for super here and for account based pension here. Awards and ratings are only one factor to be taken into account when choosing a super fund.