RETIREMENT PLANNING

Because whether you are 18 or 80, a glorious retirement is a lifetime in the making.

I’m starting to plan

It’s never too early or too late to start planning.

Retirement calculators

Curious about how much super you’ll have at retirement, and how small changes today could make a big impact? Use our retirement projector or MLC members can log in to access the personal super calculator for a personalised report. Less crystal ball, more clarity.

Log in to your account

Retirement planning guides

Kickstart your planning with our SuperFit guides. They’ll help you set retirement goals and explore your options in depth.

SuperFit guides

I’m 60 and want to work less

When you’re 60, even if you are still working, you can start accessing your super.

Transitioning to retirement

With a Transition to Retirement account, you can work less, without reducing your income. It’s a smart way to make the most of what you’ve built over a lifetime.

Learn how TTR works and speak to our financial coaching team.

How much do I need to retire?

The answer remains elusive. Why? Because retirement isn’t one-size-fits-all. It’s not about reaching someone else’s finish line, it’s about building the life you've imagined.

Find out how much you need

I’m 65 and ready to retire

Firstly, congratulations! Whether you’re looking to start a pension or simply explore what retirement could look like, we’ve got you.

Turn your super into regular, tax-free income

Set up your pension your way — choose how much and how often you get paid, all tax-free and tailored to your lifestyle.

Join MLC Pension

Get rewarded with a bonus

We offer a pension bonus after 6 months with MLC Super and you meet the eligibility criteria. On average, eligible pension members receive a $5,3971 pension bonus.

Our pension bonus offer

Open an MLC pension account

Or ready to open an MLC super account?

A glorious retirement is a lifetime in the making

Whatever glorious means to you. No one does retirement quite like us.

  • MLC knows retirement. We manage more retirement assets for Australians than any other super fund3
  • Our administration fees and costs are ~27% lower than the average superannuation pension product and ~12% lower than the average industry fund pension product4
  • We offer a pension bonus after 6 months with MLC Super and you meet the eligibility criteria. On average, eligible pension members receive a $5,3975 pension bonus.
  • We offer fee aggregation because paying two sets of admin fees when you’ve got a super and a pension account is just unnecessary. Why pay twice? With us, you don’t.

Sounds like we are giving money away? It’s your money, so you should enjoy it.

Are you already an MLC super member? Log in and go to the retirement section in your online account.

Log in

Not a member yet?
Discover the perks of joining MLC Pension

Join us

SuperFit guides

From 50 to 65, we’ve got an essential guide to keep you SuperFit.

These short practical guides are designed to help you shape 
up your super and bulk up your knowledge. Get the basics 
right and take control of your retirement.

You can do it yourself or reach out for help.

You’re in charge. That’s the deal.

Find your SuperFit guide

Get Superfit at any age

SuperFit guides

From 50 to 65, we’ve got an essential guide to keep you SuperFit.

These short practical guides are designed to help you shape 
up your super and bulk up your knowledge. Get the basics 
right and take control of your retirement.

You can do it yourself or reach out for help.

You’re in charge. That’s the deal.

Find your SuperFit guide

Golden whistle

Financial coaching at no extra cost

Life isn’t always predictable, the right support can make all the difference. That’s why we offer expert advice, at no extra cost.

Our coaching team can provide general advice to MLC members on a wide range of topics including planning for retirement and Government Age Pension eligibility.

Book a time

MLC knows retirement

We manage more retirement assets for Australians than any other super fund.2

  • Our administration fees are ~27% lower than the average fund and ~12% lower than the average industry fund.3 
  • Why pay two admin fees? With us, you don’t. One admin fee across your super and pension accounts.

And if you’ve held super with MLC for 6 months and meet the eligibility criteria, you may be eligible for a pension bonus when you transfer from your MLC super account into a MLC pension account. On average, eligible pension members receive a $5,3976 pension bonus.

Log in

Not yet an MLC member? Join us

Tap into retirement expertise

MLC knows retirement

We manage more retirement assets for Australians than any other super fund.

  • MLC knows retirement. We manage more retirement assets for Australians than any other super fund. 
  • Our administration fees are ~27% lower than the average fund and ~12% lower than the average industry fund. 
  • Why pay two admin fees? With us, you don’t. One admin fee across your super and pension accounts.

And if you’ve held super with MLC for 6 months and meet the eligibility criteria, you may be eligible for a pension bonus when you transfer from your MLC super account into a MLC pension account. On average, eligible pension members receive a $5,3976 pension bonus.

Log in

Not yet an MLC member? Join us

Retirement insights

What’s a transition to retirement?

Essentially, a transition to retirement (TTR) account enables you to access your super before you retire, once you’ve reached age 60.

TTR explained

Essentials of estate planning

We explore the essentials of estate planning in Australia, including key components, legal considerations, and the importance of seeking professional guidance.

Explore estate planning

Setting your grandkids up

Supporting your grandchildren financially can be a rewarding way to help them build a secure future.

Get started

  • You can access your super once you reach your preservation age and retire.

    At 65, your super is automatically accessible, regardless of your work status.

  • Absolutely. With a Transition to Retirement (TTR) strategy, you can cut back your hours and top up your income using your super. You’ll still get employer contributions, enjoy tax perks, and ease into retirement on your terms.

  • Once you reach age 65, or retire after age 60 you can open an account-based pension. It’s best to start when you want regular, tax-free income and flexible withdrawal.

  • To access your super you must meet a condition of release. The main conditions of release are:

    • reaching preservation age (60 years) and retiring.
    • reaching preservation age (60 years) and commencing a transition -to -retirement (TTR) income stream.
    • ceasing a gainful employment on or after age 60.
    • turning 65 (even if you haven’t retired).

    View the full conditions of release.  

  • Depending on your age, there is a minimum amount you must withdraw as a pension payment from a retirement pension account each financial year.

    Age on 1 July or if commenced in the financial year, the commencement date Minimum %* of account balance you must withdraw each year
    Under 65 4%
    65 to 74 5%
    75 to 79 6%
    80 to 84 7%
    85 to 89 9%
    90 to 94 11%
    95+ 14%

    *The minimum may be subject to change from time to time at the discretion of the Government. For more information go to ato.gov.au

  • There are a number of  tax implications to be aware of. These can include tax on contributions, earnings, withdrawals and super pension. Depending on your specific tax question, you can read more about this on the superannuation and retirement rules.

  • There isn’t a one-size fits all approach. That’s why we offer expert advice, at no extra cost.

    Our financial coaching team is here to help. They can provide general guidance on planning for retirement. And if you’re after something more tailored, they can connect you with a financial adviser.

    Prefer to explore on your own? Try our MLC members can MLC log in to access the personal super calculator for a personalised report to help you plan with confidence. to help you plan with confidence.

Get confidence with top-rated pension

Get confidence with top-rated pension

CANSTAR 2025 - Outstanding Value - Account Based Pension logo
Super Rating Platinum 2025 Pension logo
Chant West 5 Apples Highest Quality Fund Pension 2025 logo
Rainmaker Information AAA Quality Rating 2025 logo
Super Rating 2025 logo

Check it out

Awards and ratings are only one factor to take into account when choosing a super fund.

Check it out

Awards and ratings are only one factor to take into account when choosing a super fund.

1 Over a 12-month period to June 2025. Assumes a Pension Bonus rate of 1.25%, which is accurate as of 1 July 2025 (subject to change).

2 KPMG Super Insights Report 2025, May 2025. Based on total retirement assets within superannuation funds managed by trustees within the Insignia Financial Group, including the MLC Super Fund.

3 Chant West Pension Fee Survey, June 2025. Based on administration fees and costs for MLC MasterKey Pension Fundamentals (including a $ based Member Fee, a % based Plan Management Fee, Trustee Levy, and Other administration fees and costs paid from reserves) on a $250k balance (which is roughly the average pension account balance in non-SMSF funds) for pension products in the Growth Index (61–80% growth assets) which covers 63 pension products including 19 industry fund products.

Get in touch

  Call us

Let's chat on 132 652 (+61 3 7073 3044 if overseas) between 8am and 6pm AEST/AEDT, Monday to Friday

  Email us

Email us questions or feedback through our contact form

  Financial advice

A lifetime of dedication deserves a plan to match. We can connect you with the right type of support for your needs

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Insignia Financial Ltd ABN 49 100 103 722.