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

The Brighter Super Retirement Reward

The Retirement Reward is a potential reward for eligible members who hold a Brighter Super Accumulation or TTR account and take up an income stream with us.

Basically, it’s a dollar reward that gives you a portion of the tax we’ve set aside to pay the Australian Taxation Office when growth assets (like shares) are sold.

But when a Brighter Super member takes these growth assets from their Accumulation or Transition to Retirement TTR account (which are taxed) into Brighter Super Pension account (which is not taxed), then no tax is paid when/if the assets are sold at a profit.

This unpaid tax available is then available as a reward for retiring with us. We call it the Retirement Reward.

How the Retirement Reward is calculated

The reward is paid into your income stream account. The amount of your reward depends on a number of things:

  • The amount of money you transfer to an income stream account
  • Current investment market conditions
  • The amount of tax we’ve set aside
  • What you’re invested in during the period leading up to your transfer
  • And the investment options you’re invested in at the time you transfer.

It’s important to know that there may be times when there is no reward, and this will be as a result of any or all of the above.

Be aware of the 12 month rule

If you’re eligible for a reward you need to be aware of the rule concerning withdrawals1 from your income stream account within your first 12 months.

If you withdraw 75% or more of your income stream account balance within 12 months of receiving a reward, your entire reward will be reversed. Once you’ve passed the 12-month period, you can make a withdrawal and still keep the entire reward.

Retiring soon?

If you're considering retiring in the next 6–12 months, now might be a good time to speak to one of our financial advisers.


1. Withdrawals include your regular pension payments and cash withdrawals, as well as any funds you roll back into your Brighter Super Accumulation account. It doesn’t include withdrawals related to a death benefit payment from your income stream account. Nor does it include withdrawals from your income stream account that are rolled back in to your Brighter Super superannuation account in order to consolidate accounts for which are then immediately returned to your income stream account.

For Brighter Super members with a Defined Benefit, the Retirement Reward is not available for the Defined Benefit portion of their account. However, the Accumulation portion of their account (such as salary sacrifice) may be entitled to the Retirement Reward. To discuss your eligibility, speak with a Brighter Super financial adviser on 1800 444 396.

Brighter Super Financial Advisers are Authorised Representatives of Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL No 232514. In limited circumstances, a Financial Adviser may also be an Authorised Representative of ESI Financial Services Pty Ltd (ESI Financial Services) ABN 93 101 428 782, AFSL No 224952. ESI Financial Services is a wholly owned entity of LGIAsuper Trustee (ABN 94 085 088 484) as trustee for LGIAsuper (ABN 23 053 121 564) trading as Brighter Super. ESI Financial Services has engaged IFS to facilitate the provision of financial advice to Brighter Super members. Additionally, Brighter Super has also engaged Link Advice Pty Limited ABN 36 105 811 336, AFSL No 258145 to provide Brighter Super members with access to limited personal advice over the phone in respect to Brighter Super products.