Retirement Reward delivers $7 million windfall bonus to eligible members

28 August 2025

Brighter Super has rewarded thousands of members with a Retirement Reward windfall of almost $7 million paid to eligible members in the 12 months to 30 June 2025 (financial year 2024/25).

A total of 2,635 members received one-off Retirement Reward bonuses ranging from $1,600 to $16,000 in 2024/25.

Brighter Super Head of Retirement, Jennifer McSpadden, said the $6.98 million paid out in Retirement Rewards in 2024/25 was more than triple the $2 million paid out in 2023/24.

“I’m delighted to see so many of our members benefiting from this initiative. This reward makes a real difference, whether members choose to use the money for travel, a new car, or to top up their retirement savings,’’ Ms McSpadden said.

The Retirement Reward is a Brighter Super benefit, paid when members transfer from an Accumulation or Transition to Retirement (TTR) Pension account into a Pension account provided they remain Brighter Super members for at least 12 months.

The Retirement Reward payment recognises a portion of capital gains tax that has been set aside. As a Brighter Super member transfers growth assets – such as shares - from a taxed Accumulation or TTR Pension account, into a tax-free pension account, Brighter Super returns this portion to members.

The Retirement Reward is reviewed annually. For 2024/25, the reward was set at 0.8%, with a maximum of $16,000 payable on a transfer amount of $2 million. The rate will remain the same for the next 12 months, though it may vary in future depending on investment market conditions.

The Retirement Reward is part of Brighter Super’s expanding range of retirement opinions for members. In 2024, the fund launched the Retire Easy Pension, a simple, automated account management option based on the popular 'bucket strategy' investment model. It is designed to provide members with a stable, regular income in the short term, while supporting savings growth over the medium to long term.