Income from super
When you retire, the role of your super changes from accumulating your nest egg to generating your retirement income.
Super funds and life insurance companies offer a range of retirement income products, including some that are guaranteed to provide income for life, so you can find one (or even a combination) to suit your needs and priorities. These products are called pensions and annuities.
Because investment earnings on pensions and annuities purchased with super money are tax-free, the government uses the transfer balance cap to place a limit on the amount you can use to invest in them.
A pension or annuity can also be combined with income from the Age Pension or other investments.
Things to consider when choosing a retirement income product
Strategies to help optimise your income stream in retirement
If you are concerned about outliving your money, these income products might help.
The following articles cover common Q&As about super pensions and lump sums.
