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MLC MasterKey Pension Fundamentals

An easy-to-manage pension account

Once you've retired or reached your retirement age, you can set up a Retirement Pension or Transition to Retirement (TTR) Pension account to start accessing your super and make the most of your retirement investments.

It's easy to choose an investment option that suits your investment objectives and risk appetite.

Product features

  • Receive a steady income stream in retirement
  • Choose from a range of investment options to suit your investment objectives and risk appetite
  • Access your account online for reporting and transactions
  • Transfer seamlessly from a super to pension account
  • Opt for life insurance if you're 65 or younger
  • Receive special benefits and discounts through MLC Member Rewards opens in new window
  • You may be eligible for a Pension Bonus on your first MLC MasterKey retirement-phase pension.

For more information, download the Product Disclosure Statement (PDF, 25.1MB) opens in new window

Chantwest 5 apples pension rating 2020

Chant West has awarded MLC MasterKey Pension Fundamentals with their 5 Apples Pension Rating 2020.


Heron Partnership has rated MLC MasterKey Pension Fundamentals as "outstanding" and awarded with 5 Quality Stars for 2020/21.

How to open an account

Existing customers

Download and complete the MLC MasterKey Pension Fundamentals application form (PDF, 25.1MB) opens in new window, or for a simple set up option, login and complete the application online.

Login and apply

New customers

We're here to help.

Download and complete the MLC MasterKey Pension Fundamentals application form (PDF, 25.1MB) opens in new window.

To apply over the phone, or just to find out more, call us on 132 652 between 8am to 6pm AEST, Monday to Friday or book an appointment.

Book appointment
  • The following are the types of investment options available in MLC MasterKey Pension Fundamentals.

    Ready-made portfolios, which include our:

    • Simple choice investment options
    • Low cost investment options
    • Flexible investment options
    • Socially responsible investment option.

    Build-your-own portfolio, which include our:

    • Cash and fixed interest investment options
    • Property investment options
    • Australian shares investment options
    • Global shares investment options.

    We provide a detailed explanation of what we mean by our Simple choice, Low cost, Flexible, and Socially responsible investment groups in our Investment Menu (PDF, 25.1MB), as well as full profiles of all our investment options.

    Minimum initial investment



  • MLC Insurance (Super) can provide cover against the financial consequences of injury, sickness or death.

    • Life Cover
    • Total and Permanent Disability (extension to Life Cover)
    • Accidental Death
    • Income Protection


    MLC MasterKey Investment Protection

    • Available if you're 50 or older.
    • Protected Capital - protects your super from negative market movements and grows your balance by locking in market gains each year.
    • Protected Income - provides a certain and secured amount of income each year in retirement. Available for 10 or 20 years.
    • Available on MLC MasterKey Super & Pension Fundamentals with eligible MLC Horizon and MLC Index Plus investment options.