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Retire with a steady income.

Secure a regular income in your retirement with a Hostplus pension account. A retirement income account, also known as a pension, will ensure your superannuation continues to work hard so you can sit back and watch your nest egg flourish.

You've worked hard to grow your superannuation over the years. So when it’s time to put your feet up and relax, you want to make sure your money keeps working for you.  If you have a sufficient balance your Hostplus pension account will continue to make regular payments into your bank account so you can focus on enjoying your retirement.  

Investing in a Hostplus Pension account

You can start planning and investing in your pension account before you finish working. To open an account, you will need to have reached your ‘preservation age’. If you are still working, you could use a Transition to Retirement (TTR) to start your retirement plan. You will also need a minimum $10,000 to open your account.

Plan for your pension to go the distance

Your retirement is not the time for money worries. That’s why we can arrange for your funds to be paid straight into your bank account. You can even choose the amount and the frequency of these payments. If you’re worried about spending too much or too quickly, our guide to how much you might need to retire  could help.

Planning with the experts

Our financial planners are experts in ensuring all your needs and requirements are considered when advising on your retirement budget. They can help guide your investment choices, your spending habits and even budgeting goals. 

Passing your money on to your loved ones

 Whatever money you have invested in your Hostplus Pension account can be paid to a beneficiary upon your death. You can choose to have the money paid as a lump sum or as a continuing income. Read more about estate planning to ensure your money is dealt with according to your wishes.

Budgeting for retirement

The Australian Government has set minimum guidelines around how much you can withdraw per annum. You can read more about the guidelines here. There’s no maximum withdrawal limit for pension accounts, but it’s a good idea to plan for how much you’ll need each month.

Want to learn more? Give our financial planners a call. They’re on hand to help you with all your retirement questions. 

Deeming rules

Any pension opened before January 1, 2015, will not be subject to deeming rules. Learn more about deeming rules here or speak to one of our financial planners

The Government Age Pension and your Hostplus Pension account

If you’re intending on claiming a Government Age Pension as well as setting up a Hostplus Pension account, chat to one of our financial planners about your goals. 

The Government Age Pension is dependent on several elements such as your income and assets. These are assessed each year and/or when there is a change in your circumstances. Give us a call or contact Centrelink

First steps to securing your retirement income

To open a pension account, you’ll need at least $10,000 currently invested in either your Hostplus super account or with another complying super fund. 

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This website is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68657495890198. Hostplus Self-Managed Invest (SMI) is issued by Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Pooled Superannuation Trust (PST) ABN 13 140 019 340. It contains general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS) or Hostplus SMI PDS before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au. You can view detailed disclaimers here. Hostplus has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL 232514 to facilitate the provision of personal financial advice to members of Hostplus. Advice is provided by financial planners who are Authorised Representatives of IFS. Fees may apply for Comprehensive Financial Advice, further information about the cost of comprehensive advice is set out in the relevant IFS Financial Services Guide, a copy of which is available from your financial planner. Hostplus has engaged Link Advice Pty Ltd ABN 36 105 811 836, ASFL 258145 to facilitate the provision of limited personal financial advice to members of Hostplus via the web-based product Super Adviser.