Retirement Income Strategy

We’re helping members feel confident and supported to get the most out of their super and retirement journey. 

Our Retirement Income Strategy

We’re Australia’s largest super fundand one of the top 20 largest pension funds globally2. One in seven working Australians is a member of AustralianSuper3, and with more than 1 million members retired, semi-retired or nearing their retirement4, our ambition is that all Australians live well in retirement.

We’ll know we’re making a difference when retirement feels easier to understand and plan for, and when members are more financially ready to enjoy life after work. To get there, it means removing the barriers and challenges Australians currently experience when moving into retirement.

Our Retirement Income Strategy is built on member research and analysis. It’s designed so members can maximise their retirement income, keep that income stable and sustainable, and provide access to their savings when they need it. We do this through identifying the right mix of investment options, income stream products, guidance, service and experiences.

Whether you’re working towards retirement or ready to embrace life after work, our Retirement Income Strategy shows we’re committed to helping members achieve their best possible retirement.

'We’re strengthening our retirement capability to help members live well in retirement.'

Jacki Ellis, Head of Retirement

Retirement is personal but can be complex

Retirement isn’t a one-size-fits-all. Many members ease into retirement gradually by getting a taste for life after work. While others move in and out of paid work for different reasons. 20% of members with an account-based pension are still in paid work5. It’s no longer a single moment – it’s a journey.

We know members have diverse financial situations, goals and lifestyles. The income they’ll need for the kind of lifestyle they desire in retirement depends on when and how they retire, their income sources and lifestyle costs.

Additionally, the retirement system can be complex to understand and navigate. Australians not only have to manage their super for retirement but learn how super can complement any government benefits like the Age Pension.

That’s why we’re advocating for a retirement system that’s simpler, more flexible and better suited to the way Australians live and retire today and in the future. When the system works better, members will feel more confident and in control of their future.

"Only 46% of Australians feel confident they will live well in retirement.”6

Understanding the needs of members

Through in-depth research and real conversations with members, we’ve spent time listening to what matters most to them. We’ve heard their hopes, their concerns and the challenges they face throughout their retirement journey.  

What we’ve learned is clear: every member’s retirement is unique, but they want to feel confident they’ll be okay.

That’s why we’re focused on delivering what matters most:

  • Personalised support and guidance to help members have clarity and confidence in their retirement journey.
  • Trust and reassurance they’re set up for success in retirement to get the most out of their super.
  • Confidence to enjoy spending their savings in retirement without worrying they’ll run out.


How we’ll deliver a better future for members

4 ways we’re delivering today for members

Working and growing their savings

While working towards their retirement, we offer members a super account where their savings are invested. Eligible members can receive insurance cover15, an important part of a member’s financial safety net. We use our scale to provide competitive cover and dedicated claims support.

Working towards their transition

For members aged 60 to 64 looking to reduce their hours of work or needing access to income to support their transition, a TTR Income account can help them achieve that16. With their super and TTR Income accounts invested, and receiving employer and any personal contributions, their super savings could grow.

Ready to retire

When a member is ready to stop working or retire and meet eligibility criteria, they can use their super savings to open an account-based pension like our Choice Income account. They can receive a regular income while their balance continues to be invested.

Advocating for members

As part of our advocacy for changes to the retirement system in Australia, in February 2024, we submitted our ‘Retirement Phase of Superannuation’ policy submission.
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Award-winning superannuation17

Canstar logo: Outstanding value superannuation 2011 to 2025
Canstar logo: Outstanding value account-based pension 2018 to 2024
Reader's Digest logo: Trusted brand 2013 to 2024
Roy Morgan logo: 2024 trusted brand
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