
If you’re 65 or over, already retired or need to retire earlier than planned and have met your preservation age*, you can access your super as an income.
How it works:
Set up your pension account by transferring all or some of your super balance into a pension account^.
You can choose to:
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Choose a set-and-forget investment strategy and invest in Mercer SmartPath. Your investments are automatically adjusted according to your life stage – de-risking as you approach retirement. |
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Or choose from over 20 carefully selected investment options; access to term deposits and ASX shares with Mercer Direct^. |
It’s a good idea to consolidate all your super into one place before you start your pension account, as you can’t add any additional super into your pension account once it’s opened.
* Preservation age is what determines when you can access your super at retirement and is based on when you were born. Find out more here.
^Subject to the transfer balance cap. A transfer balance cap, also known as a ‘life-time limit’ of $1.6m is set by the Government on the total amount of super you can transfer into a pension account that has no tax on investment earnings. Find out more at ato.gov.au.
# You will need at least $20k to invest via Mercer Direct. Find out more here.