Our retirement products

 

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Retirement – what will it look like for you? Ideally, we all want to be in a position where we can achieve a comfortable retirement, achieving our desired goals, whatever they might be.

As you approach retirement, one of the decisions you’ll need to make is how you’d like to access your super. And one of your options is to move your super into an income stream while you’re still working, or when you retire. An income stream is a type of superannuation account that pays you regular income.

There are important considerations when you’re considering retirement. Please read the fact sheets Planning for retirement, and Transition to retirement strategies, on our fact sheets page, as well as the disclosure material that’s relevant to your division.

As a Qantas Super member, you have access to an income stream by opening an Income Account in Gateway, which can be used for a transition to retirement income stream if you’re still working, or a retirement income stream if you’ve permanently retired.

For more information about an Income Account, please read the relevant fact sheet and Gateway disclosure material on our Product disclosure statements and member guides page.

What does an Income Account offer?
Key features include:

  • An administration fee cap of $1,200 pa1 .
  • With an Income Account in Gateway, you can select more than one investment option at a time (including Glidepath).
  • If you wish, you’ll be able to change the frequency of your income payments (subject to you receiving at least one payment a year). You can choose fortnightly, monthly, quarterly, half-yearly or yearly payments – whatever you feel suits you best.
  • You’ll be able to make ad hoc partial online withdrawals (conditions apply).
  • You’ll have the option to make a reversionary binding nomination in favour of your spouse or dependant child. This means that if you die before your account balance runs out, your spouse or dependant child can continue to receive your income payments until your account reaches zero, unless they choose to withdraw it as a lump sum. Conditions apply – please read the Nominating your beneficiary fact sheet.

For more information about an Income Account, please read the disclosure material relevant to Gateway on our Product disclosure statements and member guides page.

1 Excluding the APRA fee of 0.02% pa of your account balance. APRA is the Australian Prudential Regulatory Authority. This rate represents a contribution to the annual levy paid by Qantas Super to APRA. This may change from time to time. We’ll notify you of any changes as required by law.

More information about retirement

For general information about retirement and the Qantas Super products, call the Qantas Super Helpline on 1300 362 967.

Consider getting financial advice

For advice tailored to your needs, you can see a licensed financial adviser. We offer you access to a range of financial advice services. For information, go to Getting financial advice.

Other useful sources of information

Through its moneysmart.gov.au website, the Australian Securities and Investments Commission (ASIC) shares helpful insights into superannuation and retirement. Learn more about superannuation, how it works, how to grow your retirement income, and check whether you’re on track.