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Retirement shouldn’t be about waving goodbye to a career you’ve spent a lifetime building, it should be about enjoying the rewards that come from a lifetime of hard work.

That’s why we created the Platinum-rated* Qantas Super Income Account, for the next step on your super journey.

It lets you draw a regular income from the super you’ve saved throughout your career and has the potential to cut the tax you pay, allowing you to get the most from your retirement.

Best of all, with an income account, you remain part of the Qantas Super family.

What's your next step?

If you’ve reached your preservation age, you could be eligible to supplement your regular income by opening a Qantas Super Income Account.

There are two types you might be able to choose from, depending on your circumstances.

I want to semi-retire

Want to start slowing down but not quite ready to say your final goodbye to the job yet? You can cut back at work and begin to access the benefits of your super in the years leading up to retirement by opening an income account as a transition to retirement member.

This allows you to top up your regular income, while you continue to make contributions and keep the rest of your super invested.

I’m ready to retire

With the hard work done, you can sit back and enjoy your retirement with regular payments from your income account as a retirement member.

Generally, you can open an income account as a retirement member if you’ve reached your preservation age and are permanently retired. You can also open an income account if you change or leave your employer once you’ve turned 60, or once you reach 65, even if you’re still working.

Your payments will be sent to your nominated bank account, just like a salary, and you can choose how often you receive a payment, helping you keep your budget on track. You can also access extra funds from your account when any unexpected expenses pop up.

The rest of your nest egg will remain invested, working hard while you live out your retirement dreams.

Apply to open an income account

Income account bonus

Give your retirement a boost

When you transfer your super to an income account for the first time as a Retirement Member, you could be eligible to receive a special bonus.

How is the bonus calculated?

The bonus is currently calculated as being up to 0.7% of the super you transfer to your new income account and is added to your income account balance.

How can I get the bonus?

Open an income account for the first time as a Retirement Member and we’ll automatically assess if you’re eligible to receive a bonus. There’s no extra paperwork to receive the bonus.

When is the bonus paid?

Processing bonus payments may take time, though rest assured, payments for eligible members will be processed as soon as possible.

  • Who’s eligible to receive the bonus?

    You’ll be eligible for the bonus if:

    • You transfer super from your existing Qantas Super account to a new income account as a Retirement Member
    • You transfer less than your individual balance transfer cap
    • Your new account is still open at the time the bonus is paid
    • You haven’t opened an income account as a Retirement Member with Qantas Super at any time before
    • Qantas Super’s tax position at the time allows for the bonus to be paid
  • Important things to know about the bonus

    You must be a Retirement Member as defined in the Gateway Member Guide Supplement to be eligible for the bonus. The payment of the bonus is at the discretion of the Trustee, and depends on the tax position of Qantas Super at the time, which is monitored by the Trustee periodically. This means that the bonus may vary and could reduce to be zero at any time, and that we may stop, pause or vary the terms and conditions of the offer without notice.

    The bonus is only payable for Members who are starting a new income account for the first time as a Retirement Member. If you currently have, or previously had, an income account with Qantas Super as a Retirement Member, you will not receive a bonus for any subsequent income accounts you open.

    The maximum amount that you can transfer into an income account (aggregated across all income accounts you may open including with other providers) is currently $1.9 million, and the payment of your bonus is included in this cap. If, after the bonus is added to the amount you request to establish an income account, your income account balance would exceed $1.9 million, we reserve the right to either (a) reduce the amount of the transfer you have requested; or (b) credit the bonus to one of your other accounts.

    It is the member’s responsibility to make sure that the amount you transfer combined with the amount of the bonus and other retirement income accounts you hold do not exceed the transfer balance cap.

    You are not eligible for a bonus if you open an income account as a Transition to Retirement Member.

With an income account you can...

Receive regular payments

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.

Reduce the tax you pay

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 open, or switch to, an income account as a retirement member, you won’t pay tax on your investment earnings1.

Keep growing your wealth

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.

Have flexibility with your money

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.

Receive one-on-one support

We’ve been there every step of your career, and we’ll be by your side for your retirement too. Whether you prefer to talk to an expert face-to-face or over the phone, our Super Advice team will be there to answer your questions and support you in your retirement journey.

1. Tax applies to investment earnings for income accounts for transition to retirement members.   2. Russell Investments: ‘The 10/30/60 Rule’, January, 2015.   3. Conditions apply. Minimum and maximum drawdown limits apply.

Better returns for income accounts

When you open, or switch to, an income account as a retirement member, you won’t pay tax on your investment earnings1. This means the returns you receive in an income account are generally better than the returns you receive in a super account.

1 year returns as at 30 June 2023
Investment optionSuper accountIncome accountDifference
Glidepath: Take-off8.2%9.1%+0.9%
Glidepath: Altitude7.3%8.2%+0.9%
Glidepath: Cruising6.2%6.7%+0.5%
Glidepath: Destination5.2%6.0%+0.8%

1Tax applies to investment earnings for income accounts for transition to retirement members. All returns are per annum and after investment fees. Past performance is not a guarantee of future performance.

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*The 2024 ratings are issued by SuperRatings Pty Ltd (SuperRatings) ABN: 95 100 192 283 a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, AFSL No. 421445 (Lonsec Research). Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs and are only one factor to be taken into account when deciding whether to invest in a financial product. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and SuperRatings assumes no obligation to update. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit for ratings information and to access the full report. © 2024 SuperRatings. All rights reserved.

Other info you might be interested in


Ready for your next step? Find the form you need to open your account below:


Members with an income account belong to our Gateway division.


If you need help making a decision about your super, you can get simple advice over the phone or face-to-face. It’s included as part of your membership, so there’s no extra cost.

More details

You can learn the ins and outs of an Income Account in the Gateway Division Member Guide Supplement.

Got a question?