An Income Account pays you a regular income from your retirement savings. That means you can better manage your day-to-day expenses and those bigger retirement dreams.
Before you turn 60, you may receive a 15% discount for the tax you pay on your retirement income. Once you’ve turned 60, you won’t pay tax on the payments you receive from your Income Account. When you reach your preservation age you won’t pay tax on your investment earnings1.
Did you know that 60% of a member’s wealth is earned through investment during retirement?2 An Income Account keeps your nest egg invested so it continues to generate returns.
To cover any expenses that may pop up in retirement, you can make online withdrawals3 from your Income Account. To help with budgeting, you can choose from fortnightly, monthly, quarterly, half-yearly or annual payments. You also have the option to increase your payment amounts so they stay in line with inflation.
1. Unless you’re starting a transition to retirement strategy. 2. Russell Investments: ‘The 10/30/60 Rule’, January, 2015. 3. Conditions apply. Minimum and maximum drawdown limits apply.
Did you know, you can start accessing the benefits of your super in the years leading up to retirement? And that when you retire, you don’t have to take your super as a lump sum? With a Qantas Super Income Account, you can relax knowing your nest egg is somewhere safe, while you enjoy a regular income as you reduce your hours or leave the workforce.
If you’re between 55 and 604 and ready to slow down a little, you may be eligible to supplement your regular income. Here’s how:
Regardless of your financial situation and life goals, you can choose a Qantas Super Income Account pathway to meet your retirement needs.
Need a helping hand to assist you and your savings into retirement? Our financial experts have designed this option with pre-set features that provide a regular income stream but allow flexibility for you to take control and adjust the features at any time.
You’ll receive a regular income, with the option of small additional lump sums to help with expenses like taking a trip or buying a car.
If you’d like complete control of your retirement finances, you can handpick your own investment strategy and take more ownership of your nest egg’s performance.
From aggressive to conservative, you’re always in complete control. What’s more, you can actively manage your investment by choosing one or a mix of options.
4. Check to see if you’re eligible by calling Qantas Super Helpline on 1300 362 967.
Rest assured, you’ll pay competitive fees that are lower than the industry average5.
Because we don’t profit from our members, we don’t use your super savings to pay commissions or keep shareholders happy. Quite simply, all our profits go back to our members.
View your balance, manage your investments and update your details online, anytime.
We provide access to professional advice from licensed financial advisers, either face-to-face or over the phone.
On top of any Qantas travel benefits you’ve accrued, you can look forward to additional discounts on cruises and tours.
Your family receive complimentary membership to Best Doctors. It’s an internationally-recognised service that gives you access to leading medical specialists.
5. SuperRatings, Fundamental Report, 31 July 2017
Discover the benefits of a Qantas Super Income Account today. To book financial advice or start preparing for retirement, call our Qantas Super Helpline on 1300 362 967 or from overseas on +61 3 8687 1866. Open 8am to 7pm AEST/AEDT, weekdays.