Phone 1800 444 396
Post GPO Box 264, Brisbane QLD 4001

Pension account

Brighter Super’s Pension account or Optimiser Pension account can provide you with a regular income in retirement and the flexibility to take lump sum withdrawals. Simply choose how much income you want and how often you receive payments.

The income you receive from your Brighter Super Pension account or Optimiser Pension account can top up your Australian Government Age Pension (if you’re eligible) or other income support payments you may receive.

Brighter Super Retirement Reward

For members who hold a Brighter Super account and transferring to a Brighter Super Pension account, they could receive a Retirement Reward paid directly into their account.

Find out more about the Retirement Reward

How to open a Pension account

Before opening a Pension account, we recommend that you:

If you decide a Pension account is right for you, simply complete the Pension application form and return it to Brighter Super.

Keeping fees as low as possible

As a profit-for-members fund, we don’t have any shareholders to pay, and we don’t pay commissions to financial advisers. We work hard to keep our fees as low as possible.

Read about our fees and costs

Tax benefits

If you’re aged 60 or over, your pension income is tax free. If you’re under 60, your pension income is taxable but a tax offset applies. Investment earnings are tax free whatever your age.

Find out more

Investment choice

Brighter Super offers a wide range of investment options so you can make a choice that suits your needs. You can change your investments at no extra cost.

View our investment options

Flexible payment options

You decide how often you receive your pension income. Choose from fortnightly, monthly, quarterly, half-yearly or annual payments.

Refer to the relevant Pension accounts PDS

Manage your Pension account

You may have stopped working, but your super hasn't. With Brighter Super we'll help you get the most from your retirement savings and make managing your super simple.

Find out more

Pension payment dates

To help keep track of your pension payments for the financial year, you can refer to our list of pension payment dates.

View pension payment dates

Minimum pension payments

The Australian Government sets a minimum pension drawdown rate that is based on your age at the time of opening your Pension account, and then on 1 July each year.

During the 2020/21, 2021/22 and 2022/23 financial years, the Government temporarily reduced the minimum drawdown rates on account-based pensions by 50%. However, from 1 July 2023, the relief will be withdrawn and the rates will return to their default level.

View minimum drawdown rates

Learn more

Watch our online tutorial to explore this topic further.

Retirement income streams

You should read the relevant Pension accounts PDS in deciding whether to acquire, or continue to hold, this product.

Join Brighter Super today

We’re here to make things easy and help you get the most from your super so you can enjoy a better lifestyle in the years ahead.

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Use our calculator

Use our retirement income calculator to get an idea of your future finances.

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Transition to Retirement account

A low fee account that lets you access your super while you’re still working.