Pre-retirement pension
Our Pre-Retirement Pension is designed to help you ease into retirement.
How does a pre-retirement pension account work?
If you’re still working and have reached your preservation age, this account gives you the option to access some of your superannuation money as a Pre-Retirement Pension (also known as a transition to retirement account). Until you retire, there are some restrictions:
- Annual payments must be a minimum of 2%* of your account balance and no more than 10%
- Lump sum payments are not allowed.
*For the 2021/22 financial year
Product Disclosure Statement
For detailed information about our Pre-Retirement Pension account, and a comparison to the Retirement Pension, download our Product Disclosure Statement.
Download PDSHow you can benefit

Save more
You can use a pre-retirement pension as a way to maximise your savings for retirement, especially if you are over 60 years old and still working. Our financial planners can help develop a pre-retirement strategy and get you on the right track for retirement.

Work less
Enjoy more flexibility as you head towards retirement. Reduce your work hours with the comfort of knowing you can supplement your take home pay by accessing your super.
Opening an account
Opening a MyLife MyPension account is easy.
If you’re a currently a member of Catholic Super or MyLife MySuper, complete the application form found at the back of the PDS and send it to GPO Box 4303, Melbourne VIC 3001.
Please note the certified identification requirements – you can find more in the associated factsheet.
