Flexibility to retire your way
We give you the tools to manage your wealth on your terms.
If you’re thinking about retirement
Our retirement account options provide flexibility and seamless investment management for your future plans, all at a cost below the average super fund¹.
We work hard when you don’t have to
Support when you need it
Our Australian based customer service team and call centre is standing by.
Focused on low fees
Preserve your savings with lower overall fees and costs than the average super fund¹.
Ready for Retirement
Superhero Retirement accounts give you the flexibility to access your super, your way. Giving you the power to easily manage payments, investments and beneficiaries all from within your member portal.
If You’re Over 60 and Still Working
A Superhero Transition to Retirement (TTR) account allows you to access your super and set up an income stream, while still contributing to your Superhero Super account.
Superhero is Here for Your Whole Career
If you’d like to sign up for a Transition to Retirement or Retirement Account with Superhero Super, you’ll first need to sign up for a Superhero account. Once you’re eligible, you can add a Retirement Account from your Profile.
Frequently Asked Questions
Superhero offers a Retirement account and a Transition to Retirement account. The Retirement account option is for those who meet the eligibility requirements for a Retirement account. If you’ve reached preservation age (usually 60 years old) and are still working, a Transition to Retirement account allows you to start accessing your super before you retire.
You can open a Superhero Retirement account when:
- You are aged 65 or over, even if you’re still working, or
- You reach your preservation age and retire, or
- You are 60 or over and have changed employers or temporarily stopped working, or
- You have become permanently incapacitated, or terminally ill.
To open a Superhero Retirement account you’ll need to rollover at least $20,000 from your super account, which you already have with Superhero Super or another super fund. Please read the Superhero Retirement PDS for full details of the eligibility requirements.
If you’re nearing retirement, Superhero Retirement also gives you the opportunity to take advantage of Transition To Retirement (TTR) rules that allow you to access your super while you’re still working. TTR is available to all super fund members who’ve reached their preservation age. Please read the Superhero Retirement Product Disclosure Statement for full details of the eligibility requirements.
When signing up for a Retirement or Transition to Retirement account with Superhero you will select your payment amount and frequency. Once your account setup is complete, you can change your payment preferences from within the Superhero app. This includes your payment frequency, amount and where you would like the payments to come from across your investments if you hold more than one investment option.
All members of Superhero Super, including those in the Retirement phase, have access to the same range of investments including Diversified, Single Sector, Thematic and Direct Investment options. Direct investments include individual shares in the S&P/ASX300 Index and a range of over 200 ETFs, LICs and Hybrids.
When you transfer your super to a Retirement account, you must not exceed the general Transfer Balance Cap. The general Transfer Balance Cap is currently set at $1.9 million per person as of 1 July 2023. All your retirement phase account balances are included in this cap. The general Transfer Balance Cap is indexed in $100,000 increments on an annual basis in line with the Consumer Price Index.
Any amount over this cap can be kept in an accumulation phase account and moved to a Retirement account at a later time, once some of your retirement phase balance has been drawn down in the form of Pension Payments.
You can view your transfer balance account and further cap information in ATO online services.
1 Low Fees — Findings based on Superhero’s analysis of SuperRatings’ Fee Report – October 2024, accessed 5 December 2024. Fees for Superhero Super’s Growth and High Growth investment options are in the top quartile based on Total Fees and compared against the SR50 Balanced (60-76) and SR50 High Growth (91-100) Indices respectively. Other fees and costs may apply.