Ready to open an MLC Pension account? Here’s how.

Start by opening an MLC super account. Then to help you maximise your tax-free income in retirement, you may consider bringing all your super savings across to your new MLC account. Once that’s complete, moving to an MLC pension is simple.

 

1. Open an MLC super account

Have your tax file number (TFN) handy and read the MLC MasterKey Super & Pension Fundamentals product disclosure statement (PDF) and TMD (PDF)

2. Combine your super

Once your account is set up, we’ll help you bring your existing super together in just a few steps. Before combining your super, consider if it is right for you and weigh up the pros and cons before making your decision.

3. Next step: your pension

Once steps one and two are ticked off, you can set up your retirement pension online — or have a chat with one of our friendly financial coaches1 who can assist over the phone.

Get started

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

Why retire with MLC?

No one does retirement quite like us.

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.

The perks of joining MLC MasterKey Pension Fundamentals

 

Regular tax-free income

Choose the amount and frequency of your tax-free pension payments to suit your lifestyle.

Over 30 investment options

Pick from a wide range of options to match your goals and how comfortable you are with risk. It’s your way.

 

Simple fees with no surprises

The growth of your account depends on more than just fees, but knowing exactly what you’re paying makes a big difference.

 

Smart tools at your fingertips

Tools to estimate your retirement income and eligibility for the government age pension.

 

Access to financial advice

Get the right advice when you need it. With access to our Financial Coaches1 who can give you superannuation advice or connect you to a financial adviser.

 

MLC Member Rewards

Love a discount? Who doesn’t. MLC Rewards helped our members save over $18,000 in the past 12 months.4

Retirement insights

Planning for retirement

It doesn’t have to be overwhelming. Our short practical guides are tailored to key milestone ages to help you get SuperFit and feel confident about your retirement.

Get SuperFit

What’s a transition to retirement?

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

TTR explained

Setting your grandkids up

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

Get started

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.

Get in touch

  Call us

Let's chat on 132 652 (+61 3 9966 5802 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

1 The Financial Coaches provide financial advice under the Australian Financial Services licence (AFSL) of Actuate Alliance Services Pty Ltd ABN 40 083 233 925 AFSL 240 959 (Actuate). NULIS has appointed Actuate to provide general and limited advice services (which includes Simple super advice) to members of relevant products in the MLC Super Fund. Actuate is also part of the Insignia Financial Group.

Any advice or information provided to you by a Financial Coach during a super consultation will be of a general nature only and will not take into account your personal objectives, financial situation and needs. Because of that, before acting on any advice provide to you, you should consider its appropriateness to you, having regard to your personal objectives, financial situation and needs. Neither NULIS, nor any other entity within Insignia Financial Group, including any other entity within the Insignia Financial Group that is a trustee for a regulated superannuation fund, is liable for or responsible for any work, action or advice provided by Actuate.

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 (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.

4 MLC Member Rewards is provided by Edge Loyalty Systems Pty Ltd trading as Lifestyle Rewards (ABN 96 138 299 288) and not part of the Insignia Financial Group. Discounted savings information is provided by Lifestyle Rewards as at 1 July 2024 to 1 July 2025.

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