Pensions & income streams

VicSuper Pensions provide you with a low-cost way to get a regular income from your super savings.

Why VicSuper Pensions?

  • A regular income – Receive a regular income, paid into your bank account.
  • Low fee structure – No entry or exit fees, and no commissions paid to financial planners.
  • Invest your savings – Earn investment returns even while you're receiving your payments.
  • Tax benefits – Investment earnings are tax-free, and once you're age 60, pension payments are also tax-free.
  • Access to your account 24/7 – VicSuper MembersOnline is a secure online service provided as part of your membership where you can monitor and manage your pension account, anywhere and at any time.
  • Expert advice – Access to personal advice at no obligation.

VicSuper Pensions at a glance

VicSuper Non-Commutable Pension VicSuper Commutable Pension 

A transition strategy suitable for people who are currently age 55 or over and still working, but want to supplement their income from their super savings 

 Suitable for people who are retired or eligible to access their super and want to receive a regular income from their super savings

Minimum investment

$10,000

Minimum investment

$10,000 

 Payment amount

Select a pension amount between the minimum and maximum limit

Use our calculator

Payment amount

Select a pension amount above the minimum limit

Use our calculator 

 Payment frequency

Twice monthly, monthly, quarterly, half-yearly or yearly

Payment frequency

Twice monthly, monthly, quarterly, half-yearly or yearly

Investment options

Choose from nine investment options 

 Investment options

Choose from nine investment options

 Partial withdrawals

You are unable to make personal withdrawals except in limited circumstances

 Partial withdrawals

You can make partial withdrawals at any time (except from money invested in a Term Deposit before its maturity date). Minimum of $1,000 per withdrawal

 Download PDS Download PDS


Low fee structure

VicSuper charges no entry or exit fees, and we don't pay commissions.

Fee type  Amount  

Management costs*

Administration fee 

0.28% pa

Account-keeping fee

$1.50 per week 

Operational risk reserve cost

0.05% pa  

Investment management cost  

From 0.00% to 0.62% (estimated)
depending on your investment option.

Entry fee 

Nil

Contribution fee

Nil

Investment switching fee

Nil

Withdrawal fee 

Nil

Exit fee

Nil

* The administration fee and account-keeping fees are collectively capped at $125 per month per account. The operational risk reserve cost and investment management cost are included in the calculation of unit prices (and maturity proceeds of term deposits where applicable) and are not deducted directly from your account.

For further details on fees that apply to VicSuper Pension members refer to the VicSuper Pensions Combined FSG and PDS.


Advice

VicSuper offers a range of services to help you plan for your retirement and achieve your retirement savings goals.

No commissions. No obligations.

  • Regular seminars throughout the year on a range of superannuation and retirement planning topics.
  • One-on-one personal advice with a qualified VicSuper financial planner.


Start a pension!

Starting a pension from your super can help you to meet your income needs in retirement.

Find out about starting a pension.


We encourage you to seek advice

Our financial planners can discuss your retirement needs, assist you with a strategy and help you get your pension set up in the best possible way.

Our advice service is offered to you without obligation, and in most cases, at no additional charge.

Request an advice appointment

This website information does not take into account your financial situation, objectives or needs. VicSuper recommends you seek professional advice for your own circumstances. It is important that you read the VicSuper Pensions Combined FSG and PDS. You can contact VicSuper to make an appointment to see one of our VicSuper representatives.