With the right plan in place, your super can be the cornerstone of your retirement income — and for many Australians, it can be complemented by the Age Pension to offer even greater peace of mind. 

How your super becomes income

When you retire, you can move your super savings into a retirement income account, which is specifically designed to provide regular payments. Here’s how it works in practice: 

1. Access your super: Once you meet the conditions to access your super — typically retiring after reaching age 60 — you can roll your super balance into an account that pays you income. 
2. Start receiving income: You can set your own income amount and frequency, or you can let CareSuper do it for you. Either way you will always have access to your funds and can make lump sum withdrawals at any time.  
3. Keep your money invested: If you have a Flexible or Managed Income account, your super remains invested even while receiving payments, giving your savings the opportunity to grow in a tax-free environment.  
4. Combine with the Age Pension (if eligible): If you meet the criteria, the Age Pension can supplement your super income, helping cover living costs and providing extra security. 

This approach allows you to have predictable income while keeping your money working for you. 

Flexible ways to access your super

CareSuper offers a few options depending on how hands-on you want to be: 

Fully retired 

• Flexible Income account: You control how much and how often you receive payments, with the option to take lump sums if needed. It’s ideal for people who want flexibility while keeping their super invested. 
• Managed Income account: If you prefer a more hands-off approach, CareSuper experts manage your investments and income payments, with the aim of providing a stable income until  age 901 while retaining access to lump sums if needed. 

¹ It’s not guaranteed your savings will last until age 90. 

Still working

• Transition to Retirement (TTR): Not ready to fully retire? A TTR strategy lets you access part of your super while still working. It can boost your income, reduce work hours gradually, and take advantage of tax benefits. 

Making the most of your retirement 

Retirement isn’t just about covering costs. It’s about creating financial confidence and freedom to enjoy the lifestyle you want. A clear strategy helps your savings last and gives you flexibility to respond to life’s changes. 

By combining super income with, optional lump sums and the Age Pension (if eligible), you can shape a retirement that suits your goals. Whether that’s travel, time with family, exploring hobbies, or pursuing new interests, your super can support the life you want. 

With the right approach, turning your super into income can be simple, flexible, and tailored to your needs. Understanding the basics — how to access your super, choose payments, and combine it with the Age Pension — is the key to a confident, enjoyable retirement. 

Learn more about your retirement income options

Want to feel more confident about turning your super into income? Join one of our webinars covering topics like Transition to Retirement (TTR), retirement planning, income streams, and Centrelink. You’ll get practical insights and have the chance to ask questions live. 

We also run in-person events across Australia—keep an eye out for when we’re in your area. 

Book a webinar or event  

Need more help?

Choosing your retirement income option is a personal journey — and we're here to guide you. Whether you're just starting to explore or ready to take the next step, our super experts are here to help. Give us a call on 1800 005 166 or book a call back at a time that suits you. We’ll walk you through the options and help you feel confident about what could work best for your lifestyle. 

 

This is general information only and doesn’t take into account your objectives, financial situation or needs. Before making a decision about CareSuper, you should consider if this information is right for you. You may also wish to consult a licensed financial adviser. 

Consider the PDS and TMD at caresuper.com.au/pds. Issued by CareSuper Pty Ltd (Trustee) (ABN 14 008 650 628, AFSL 238718). CareSuper (Fund) (ABN 74 559 365 913). Any advice is provided by CareSuper Advice Pty Ltd (ABN 78 102 167 877, AFSL 284443).