Taking a super pension

When you retire and/or reach a certain age, you can access your super benefits as a lump sum or as a superannuation pension.

A superannuation pension is also known as an income stream.

You can purchase a pension from your existing superannuation fund or a related financial organisation, or from another super fund or organisation, or start a pension within a self-managed super fund (SMSF).


You may also be eligible to start a transition-to-retirement pension (TRIP) before you retire, provided you have reached your preservation age.

Set out below are all SuperGuide articles explaining Taking a super pension.

CSHC income test: What is untaxed superannuation and taxed super?   Super Guide

This article explains how super benefits are counted towards the Commonwealth Seniors Health Card.

Three big changes to military super   Super Guide

In the 2014 Federal Budget, the Federal Government announced three significant changes to military super benefits.

Bad news! Super pension income to be included for Health Card test   Super Guide

In the 2014 Federal Budget, the government announced that superannuation pensions from a taxed source will be counted towards the income test of the Commonwealth Seniors Health Card. This radical change will apply from 1 January 2015, but only for new applicants.

Parental leave policy dilutes franking credits on dividends   Super Guide

SMSF trustees and other direct share investors, and all members of large super funds, will indirectly help finance the government’s proposed parental leave policy.

Start planning! New income test rules mean less Age Pension   Super Guide

Changes to the deeming rules will potentially have financially devastating effects on the Age Pension entitlements of future retirees.

SMSFs: Taking a lump sum from your super fund (5 Q&As)   Super Guide

Q: We have a SMSF with two members, both members having accumulation accounts and pensions. We understand that when you draw down pension amounts, the drawdown amount reduces the pension balance in accordance with the tax-free/taxable components, and any super contributions you make go into the separate accumulation account.

SMSF pensions:  Stick with original tax free and taxable components    Super Guide

Could you please tell me whether our SMSF pension fund earnings are tax free, taxable or are split in the same taxable/tax free proportion as existed when the pension phase began?

SMSF pensions: How do I start one?   Super Guide

Q: How do you change your self-managed super fund (SMSF) from accumulation phase to pension phase (husband aged 60, and retired) and transition-to-retirement pension phase (myself aged 57 and still working part time)?

Retirement and tax: What are the minimum pension payment rules?   Super Guide

Q: I am 63. I want to retire next year but I am not sure if I want to access my super benefits yet. I have heard that when I retire, I must withdraw some super benefits each year, otherwise I won’t receive tax-free super benefits.

Super for beginners, part 8: What happens to my super benefits when I retire?   Super Guide

Q: I have a superannuation fund accumulating (although I am no longer making super contributions). I am 52 and I intend retiring at age 60.