Turn your super into a regular income
What are the benefits of a Retirement Phase Flexi Pension?
Access your super
Flexible payment cycles
Make withdrawals
Invest your balance
Tax free
Low fees
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).
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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)
PLUSAdministration 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?
Become a UniSuper member
Discover more about living in retirement
Manage your retirement income account
Government Age Pension and your super
Our advice team is here to help
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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%.