Balance Booster

When you move your AustralianSuper super account or TTR Income account to a Choice Income account (account based pension), you could be eligible to receive an additional credit to your account balance – a Balance Booster.

What’s Balance Booster?

Balance Booster is actually a tax saving. If you meet the eligibility requirements we’ll pass this tax saving on to you.

When you have a super account or TTR Income account, AustralianSuper sets money aside to pay for future capital gains tax when investment assets are sold.

When you move from a super or TTR Income account to a Choice Income account (account based pension), your balance is transferred to a tax free environment. Assets sold in retirement phase are not taxed, so the amount set aside in your super or TTR Income to cover a future capital gains tax liability can be passed to you as a credit – your Balance Booster payment. 

Who’s eligible for the Balance Booster?

diagram showing who is eligible for balance booster

You’ll be eligible for a Balance Booster payment if:

  • you move your existing AustralianSuper super account or TTR Income account to a Choice Income account, and
  • you’ve been a super or TTR Income member for a full calendar month or more, and
  • you’re invested in one of these investment options:
investment options

You don’t need to apply for the Balance Booster – if you’re eligible you will receive it. 

When you move from a super account to a Choice Income account, the Balance Booster amount will be credited to your new Choice Income account the day it’s opened.

When you move from TTR Income to Choice Income, the Balance Booster amount will be credited to your Choice Income account the day we change your account name.

How is the Balance Booster calculated?

Your Balance Booster payment is calculated at the time you open your Choice Income account and is based on:

  • AustralianSuper’s tax position over time,
  • your balance history over time,
  • your chosen investment option/s, and
  • the amount of time you’ve been invested in the investment option/s.

Ready for the cherry on top?

Please call AustralianSuper on 1300 300 273 to obtain your Balance Booster calculation.

Important things to know about Balance Booster

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