When you retire, you could choose to take some of your super money as a lump sum

You might have outstanding debts you want to pay off, like a mortgage, a car loan or even credit cards. Maybe you want to take a chunk of money to buy a car, boat or caravan, or to help your kids.

Whatever the reason, your super money is your money and you are welcome to access it in the way that suits you best.

You could choose to access a lump sum, or multiple lump sums.

Taking a lump sum will obviously reduce the amount you have left in your super. However, you might be surprised by the impact this has on your lifestyle in retirement.

How can you learn about your situation?

Use our online calculator to see what your situation looks like.

The calculator can be adjusted to show what you can expect if you take more or less out of your super (as an Income Stream). It includes the details of government legislation, so it calculates your age pension only from the age you are likely to be eligible. It also factors in government minimums and maximums to all the different aspects of accessing your super.

Text saying Try your info in the calculator with a green computer monitor on a background of a green squiggle

You can plug your details into our online calculator and see the difference that taking one or more lump sums could make for you. You can also adjust things like your retirement age and the amount you plan to live off in retirement.

Want to know more?

We have a whole web page full of resources for people who are nearing retirement. You can access the Preparing to Retire page of our Learning Hub here:

You can also read more about it in our Preparing for Retirement Booklet which is downloadable as a pdf. Download the booklet here:

Text saying Download the Booklet next to a picture of a manila folder on a green squiggle and with a green download arrow


We have 3 animated videos available on demand. Each is about 2-3 minutes long. They show the impact that taking one or more lump sums might have on your super longer-term, whether a large lump sum at retirement to pay off your mortgage, or smaller lump sums after you’ve retired. You might be surprised at what you discover.

Watch one or all 3!

Want to know even more?

The calculator and our videos are a good start to get you considering what difference taking one or more lump sums from your super might make for you. But we do understand that it’s a lot of information to grasp on your own all at once.

Make a free appointment to talk to us. Book your appointment with our Member Services Team at a time and place that suits you online or by calling 1300 307 844. Our appointments are free for members.

We can’t give you advice but we can help you understand all of the information for your situation so you can make the most informed decision for you.

Not the right scenario for you?

Maybe accessing an ongoing income isn’t the right scenario for you.

You can learn more about the other 3 retirement scenarios by clicking on the buttons below:

To learn about accessing a lump sum and income click red Text says Learn more about accessing ongoing income click the blue button next to a round blue button To learn about leaving your super click gold


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