The NGS Income account will help you convert your super savings into an income account with possible tax and Centrelink advantages. There are no restrictions on who can apply for an NGS Income account, provided you have reached your preservation age (presently 56 years).
The NGS Income account is available either as an account-based pension (for retirees and people aged 65 and over) or as a transition to retirement pension (for people between their preservation age and age 65). If you start a transition to retirement pension, it automatically becomes an account-based pension when you turn 65. You will need to let us know if you retire or terminate employment after age 60.
For more information read our:
If you need assistance with establishing your pension: