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.
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.
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.
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.
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.
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.
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.
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 However, from 1 July 2023, the relief will be withdrawn and the rates will return to their default level.