Retirement

NGS Super focuses on long-term performance, competitive transparent fees and member-first service to help you retire with confidence. As a profit-to-member fund, everything we do is designed to support your financial wellbeing in retirement.

You can open an Income Account, which provides regular payments from your super while your balance stays invested. You choose how much and how often you’re paid, giving you flexibility and control over your retirement income. You may also be eligible for a Retirement Bonus.

Most people can start receiving retirement income once they’re age 60 or over and retired. You can also begin an Income Account automatically from age 65, even if you’re still working.

A TTR strategy lets you access part of your super while you continue working. It can help you reduce work hours, maintain your take-home pay or boost your retirement savings before fully retiring.

Planning the shift from saving to spending is one of the biggest changes in retirement. It’s about finding the right balance between enjoying your money now and making sure it lasts for the years ahead.

Effective retirement planning includes understanding how much you can afford to spend, choosing an appropriate income drawdown rate, selecting suitable investment options, and reviewing your strategy regularly as your needs change. Speaking with a financial adviser can help you feel confident about spending your money, while still staying on track for long-term financial security.

Managing your drawdown rate, reviewing your investments and adjusting payments as needed can help your savings go further. Regular check-ins with your financial plan can support a sustainable retirement income.

NGS Super Income Accounts have competitive, transparent fees, with no entry or exit fees.

You’ll generally pay:

• Administration fees to cover the day-to-day management of your account
• Investment fees, which vary depending on the investment option you choose

These fees are the same administration fees and similar investment fees to those that apply to NGS Super Accumulation accounts.

By keeping fees simple and transparent, more of your money stays invested to help support your retirement income.

For full details, including current fee amounts, refer to our Product Disclosure Statements.

Yes, with an NGS Income account. You can update your payment amount and frequency, make additional withdrawals if eligible, and adjust your investment options at any time.

We offer retirement advice options starting at no cost. Whether you need general guidance or personal financial advice, our specialists can help you understand your choices and make confident decisions about your future.

Our education tools, online calculators and latest retirement insights can help you plan, invest and manage your retirement income through different stages of life.