Turn your super into a regular income
What are the benefits of a Retirement Phase Flexi Pension?
Access your super
Flexible payment cycles
Make withdrawals
Invest your balance
Tax free
Low fees
Estimate your income in retirement
Estimate how much income you may receive throughout your retirement from your super as well as the government Age Pension and any other sources of income you may have.
Retirement Phase Flexi Pension eligibility
To open a Retirement Phase Flexi Pension, you must meet a condition of release that allows you unrestricted access to your super benefits.
Meet a condition of release
Examples of a condition of release that provide unrestricted access to super benefits include:
- reaching your preservation age and permanently retiring
- ceasing an employment arrangement on or after reaching age 60
- reaching age 65 (regardless of whether you've retired or not).
Minimum transfer amount
You need a minimum of $25,000 to start a Flexi Pension.
If you’re starting a Flexi Pension with only a portion of your super balance, you must leave at least $6,000 in your UniSuper accumulation account (different rules apply to Defined Benefit Division members).
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Retirement Phase Flexi Pension fees and costs
Below is a summary of our ongoing annual fees and costs for the Balanced investment option for the Retirement Phase Flexi Pension. For full details of our product fees, including how and when they're paid, read the Flexi Pension product disclosure statement (PDF, 3.1 MB).
Type of fee or cost Amount $96 per year ($8 per month)
PLUSAdministration fees and costs1 0.16% of your account balance per year, capped at $1,250 per account per financial year Investment fees and costs1,2,3,4 0.36% per year Transaction costs2,3 0.19% per year -
Under 65 and have a Transition to Retirement (TTR) Flexi Pension?Your TTR Flexi Pension will automatically transfer to a Retirement Phase Flexi Pension when you turn 65. If you reach your preservation age and cease working before 65, simply let us know and we’ll take care of the transfer process for you.
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Our advice team is here to help
The information is of a general nature and doesn't consider your personal circumstances. Before making decisions, you should consider the PDS and TMD on our website, and whether the information is appropriate for your circumstances otherwise seek financial advice.
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Things you need to know
1If your account balance is less than $6,000 at the end of UniSuper's income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.
2The costs component of investment fees and costs and the transaction costs are based on the costs for the year ended 30 June 2024, including several components which are estimates. Costs are subject to change and amounts for prior years are not necessarily reliable indicators of amounts for future years. The costs component of investment fees and costs and the transaction costs you'll be charged in subsequent financial years will vary and depends on the actual costs incurred by the Trustee in managing the investment option. Investment fees and costs includes an amount of 0.03% for performance fees. The calculation basis for this amount is set out under ‘Additional explanation of fees and costs’ in the Flexi Pension PDS.
3The investment fees and costs and transaction costs for other investment options are set out in the Flexi Pension PDS. They are calculated on the same basis, and paid at the same frequency and in the same manner as the Balanced investment option. Refer to ‘Additional explanation of fees and costs’ in the Flexi Pension PDS.
4An Operational Risk Reserve (ORR) is funded out of the investment-related charges which are included in the investment fees and costs for each option.