Turn your super into a regular income
Are you 65 or older or reached your preservation age and have retired? Turn your super into a regular income with a Retirement Phase Flexi Pension.

What are the benefits of a Retirement Phase Flexi Pension?

Access your super

Turn your hard-earned super balance into a regular income stream once you reach the age of 65 or have retired after reaching your preservation age.

Flexible payment cycles

Choose fortnightly, monthly, quarterly (March, June, September and December), half-yearly (June and December), or annual payment cycles.

Make withdrawals

Making lump-sum withdrawals are easy and can generally be made at any time to help you access extra money when you need it.

Invest your balance

Continue receiving returns on your balance from our range of investment options, including our award-winning options.

Tax free

Investment earnings from your Retirement Phase Flexi Pension are tax free.

Low fees

With some of the lowest fees around, we can help stretch your savings further.
Calculate 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:

  • permanently retiring after reaching your preservation age
  • being 60 years of age or over and have ceased employment, or
  • turning 65.

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).


  • 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)
    PLUS
    Administration 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 0.35% per year.
    Transaction costs2,3,5 0.09% 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.

How to apply

Already a UniSuper member?

Easily apply for a Retirement Phase Flexi Pension and transfer your super through your online account if you meet the conditions of release and not a DBD member.

Become a UniSuper member

It takes less than 10 minutes to complete our Personal Account form and join UniSuper. Once approved, you can apply for a Retirement Phase Flexi Pension through your online account.
Document download
Looking for more information on Flexi Pension? Read the Flexi Pension product disclosure statement (PDF, 3.1 MB)

Discover more about living in retirement

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Manage your retirement income account

Discover how to manage income payments, withdrawals, nominate beneficiaries, tax and more on your Flexi, Indexed or TTR pension account.
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Government Age Pension and your super

You may be able to receive the government Age Pension, even if you’re drawing from your super. Learn more about the eligibility for the Age Pension and more.

Our advice team is here to help

Need help with your retirement journey? Our advice team are available to answer the questions you may have, over the phone or in-person at a member centre.
  • 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 investment fees and costs and transaction costs shown above are indicative only and are based on the investment fees and costs and transaction costs for the year ended 30 June 2023, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees and costs incurred by the Trustee in managing the investment option. Investment fees and costs include 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.

    5For the financial year ended 30 June 2024, the investment fees and costs for the Balanced investment option are expected to increase by 0.07%.

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