Accounts and features
You've worked hard over your professional life to build your super, now it's time for your super to work hard for you.
Our retirement income accounts provide a regular income as you get closer to retirement and when you stop working and are designed to help you achieve the retirement you deserve.
Our retirement accounts
Transition to Retirement Pension
Transition to Retirement PensionOpen to all current and former members and partners, but eligibility criteria apply. A Transition to Retirement Pension allows access to super while still working, so you can cut down on work hours but not your income.
Retirement Income (RI) Allocated Pension
RI Allocated PensionOpen to all current and former members and partners, but only once retired. An RI Allocated Pension provides you with a regular income stream from your super. You can also make lump-sum withdrawals.
RI Term Allocated Pension
RI Term Allocated PensionClosed to new members. An RI Term Allocated Pension provides you with a regular income stream for a certain period of time that you choose.
You have this account if you opened an RI Term Allocated Pension before 2007.
The differences between a Transition to Retirement Pension and an RI Allocated Pension
- An RI Allocated Pension - a standard allocated pension product
- A Transition to Retirement Pension - a transition to retirement income stream that allows you to access your super as an income stream while you’re still working
Here’s a summary of the differences between the two pensions.
| Transition to Retirement Pension | RI Allocated Pension | |
|---|---|---|
| Lump sum withdrawals | You cannot make lump sum withdrawals | You can make lump sum withdrawals |
| Transfer balance cap | No transfer balance cap applies | A $2 million cap applies on the total amount of accumulated super that you can transfer to or hold in tax-free retirement accounts |
| Maximum pension amount | Maximum amount of 10% of your account balance can be drawn in a financial year (set by the Commonwealth Government) | No maximum amount applies |
| Tax on investment earnings | Tax is generally applied up to a rate of 15% and will be reflected in the unit price for each Transition to Retirement Pension investment plan | No tax applies to investment earnings |
We're here to help
Estimate your annual income
Work out how much your annual income could be when you retire and how long your super might last.
Join a webinar or seminar
Attend a webinar or seminar to learn about retirement planning and how account-based pensions work, at no extra cost.
Book a one-on-one meeting
Discuss your retirement plans with an expert and learn about your options, for a fee.
Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 16 June 2026.