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 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.

If you want to learn more, a Super Adviser can answer your questions and help you determine whether an income account as a retirement member is right for your situation.

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.

How an income account can power your retirement

Meet Graham

Graham saw a lot of the world in his 46 years as a Qantas pilot.

He first joined the company fresh out of high school, taking part in the old Cadet Pilot Scheme.

“My parents were gobsmacked,” Graham said. “They said, ‘Where is this coming from?’ But I thought, how many people actually get the opportunity to fly a plane?”

After starting his career as a Second Officer on the 707, over the course of his time at Qantas Graham was seconded to Air Zambia, trained with Boeing in Seattle, and rose to the rank of Captain on the 767, which he flew for 17 years.

He then trained in Toulouse to join the A330 fleet, spending five years as a Captain on the A380 before his retirement in 2014.

Life hasn’t slowed down in retirement, with Graham keen to see more of the world: he’s taken the Trans-Siberian Railway from Vladivostok to Moscow ahead of the World Cup played in Russia in 2018, cruised around the Aeolian Islands, journeyed around South America, and more.

While at home in Sydney he practices pilates and yoga – a habit he picked up when flying to Los Angeles – and coaches a local basketball team.

From the early days of Graham’s career to retirement, Qantas Super has been by Graham’s side.

“Qantas has looked after me, and I’ve always considered myself part of the Qantas fabric. I was a captain for 26 years, a quarter of a century…so I was very happy to continue with Qantas Super when I retired.

I still consider myself as part of a group. It’s in my DNA.”

Better returns for income accounts

3 year returns as at 31 December 2019
Investment optionSuper accountIncome accountDifference
Glidepath: Take-off9.8%10.6%+0.8%
Glidepath: Altitude8.6%9.5%+0.9%
Glidepath: Cruising8.1%8.9%+0.8%
Glidepath: Destination7.1%7.9%+0.8%

All returns are per annum and after investment fees. Past performance is not a guarantee of future performance.

Other info you might be interested in


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.