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.

2015 Federal Budget summary: No new taxes on super but bumpy ride for retirees

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On 12 May 2015, the federal treasurer Joe Hockey released the second federal budget of his career. While last year’s budget was fire and brimstone and targeted ‘leaners’ (who Hockey blamed for the state of Australia’s finances, when he was not blaming the former ALP government), Hockey’s launch of … [Read more...]

Budget brief: will I lose my age pension?

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By Rafal Chomik, UNSW Australia Business School The Conversation’s Budget briefs series aims to answer reader questions about the 2015 federal budget. The 2015 budget confirms pre-budget announcements that the government is committed to reducing the cost of the age pension, but will now do so … [Read more...]

Age Pension assets test changes: Comments from readers

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On 7 May 2015 (and confirmed in the May 2015 Federal Budget), the Minister for Social Services, Scott Morrison announced two key changes to the Age Pensions assets test, to take effect from January 2017 (assuming the Liberals win the next election). Our SuperGuide readers had a few things to say … [Read more...]

300,000 retired Australians to lose some or all Age Pension entitlements

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More than 300,000 Age Pensioners will have their Age Pension cut, with just under 100,000 of those affected Australians losing all Age Pension entitlements, taking effect from January 2017. On 7 May 2015 the federal government announced changes to the Age Pension assets test (and confirmed this … [Read more...]

Seniors Health Card (CSHC) changes now law

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The changes to the income test for the Commonwealth Seniors Health Card are now law. In the 2014 Federal Budget, the government announced that the Commonwealth Seniors Health Card (CSHC) income test would be changed so new applicants must include superannuation pension income, from 1 January … [Read more...]

ALP policy hits super contributions and pension earnings

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Note: If you are retiring with $500,000 (or even less) in a super pension, you could potentially be hit with the ALP’s proposed new tax on pension earnings. On 22 April 2015, the leader of the opposition, Bill Shorten announced the ALP’s superannuation election policy. If the ALP wins government, … [Read more...]