Stay with us when you retire and you could receive a
Retirement Bonus up to $8,000.

Here's how it works:

Tick

Have your super with us

Before opening a Retirement income stream, your super must be invested in specific^ investment option(s) with TelstraSuper

Tick

Start a Retirement income stream for the first time

Transfer all or part of your super account or roll in new money*

Receive your Retirement Bonus

If you're eligible, your Retirement Bonus amount will be paid into your account when you start your new Retirement income stream.

 
How much will I get?

Everyone’s bonus will vary. The bonus is based on how your money was invested before it was transferred to your Retirement income stream.

It’s calculated at 0.5% of the balance invested in eligible investment options^, up to a maximum of $8,000.

The more money you transfer to a Retirement income stream the more bonus you could receive.

Retirement income stream balance in eligible investment options^ Potential Retirement Bonus
 $200,000  $1,000
 $500,000  $2,500
 $800,000  $4,000
 $1,000,000  $5,000
 $1,600,000  $8,000 (maximum bonus)

FAQs

  • How is the Retirement Bonus calculated?
    When you start a Retirement income stream with us, the tax you are required to pay is reduced. The Retirement Bonus is funded from this tax saving, and if you meet the eligibility requirements, will be returned to you as a bonus payment.
  • If I open multiple Retirement income streams, will I be eligible to receive the Retirement Bonus on all accounts?

    Yes, the Retirement Bonus may be paid across multiple Retirement income streams but will be capped at a maximum of $8,000 per member. The bonus can only be paid on invested money once. To receive multiple bonuses, you must invest new money into a Retirement income stream.

  • If I withdraw funds from my Retirement income stream, do I get to keep the bonus?

    If you withdraw more than 50 percent of your Retirement income stream starting balance within 12 months of opening the account, the Retirement Bonus will be deducted from your Retirement income stream (excludes funds withdrawn due to death, permanent incapacity or terminal illness). If you keep more than 50 percent of your balance in your income stream for more than 12 months your bonus will not be affected.

  • Can I get the bonus if I open a Transition to Retirement income stream?

    With a Transition to Retirement income stream the bonus will only be paid when it is converted to a Retirement income stream and those funds are invested in options other than the Cash and Diversified Bonds and Credit investment options. For more details on when a Transition to Retirement income stream is converted to a Retirement income stream download the RetireAccess PDS.

  • Will the Retirement Bonus count towards the pre-tax contributions cap?
    No, the Retirement Bonus will not count towards the pre-tax contributions cap.
  • Does the Retirement Bonus count towards my post-tax contributions cap?
    No, the Retirement Bonus is not counted towards your post-tax contributions cap. However, a transfer balance cap applies to how much you can transfer from super into a tax-free income stream. The Retirement Bonus will be included in the opening balance of your income stream account and will count towards your transfer balance cap.
  • Does the Retirement bonus count towards the transfer balance cap?

    The Retirement Bonus is paid into your super account by default. If you no longer have your super account open, the bonus is paid into your Retirement income stream account.

    If the Retirement Bonus is paid into your Retirement income stream account, it will be included in the opening balance and will count towards your transfer balance cap. The cap includes your bonus, your Retirement income stream balance with TelstraSuper along with any amounts you may have in tax-free retirement income streams with other super funds. If you exceed the cap, you’ll be required to reduce the amount held in a tax-free retirement income stream.

We're here to help

At TelstraSuper Financial Planning, we can help you work out the best way to manage your super in retirement.

Call us on 1300 033 166 or fill in our online contact form. There’s no additional charge for this phoned based service – it’s part of your membership.

Get advice

Our awards and recognition

TelstraSuper has a proud history of elite performance and achievement stretching over two decades. We’re honoured to have been awarded the following commendations that represent recognition by both independent agencies and industry peers.

VIEW ALL OUR AWARDS

  • SuperRatings Pension of the Year 2023

  • Innovation – Superannuation Advice Leader 2024

  • Chant West Pension Fund of the Year 2022 and 2023

  • Chant West Insurance Best Fund 2022

  • ESG Leader Super Fund

Important information

* Any money previously invested in a TelstraSuper Retirement income stream will not be eligible for a Retirement Bonus. The bonus is only paid on new money from an accumulation account transferred into a new Retirement income stream.

^ Invested in High Growth, Growth, Balanced, Moderate, Conservative, Australian Shares, International Shares, Property, MySuper Growth, MySuper Balanced, MySuper Moderate or MySuper Conservative after 1 July, 2019.

Payment

  • A Retirement Bonus will be paid at the discretion of the Trustee (the calculation will be based on your balance and the options you’re invested in).
  • A Retirement Bonus will not be paid on funds invested in Cash or Diversified Bonds and Credit investment options. It will also not be paid on funds invested in the Direct Access option.
  • A Retirement Bonus will not be paid on funds that were previously invested in a TelstraSuper Retirement income stream and transferred to an accumulation account and then used to open a new Retirement income stream.
  • To ensure members are treated fairly, if you withdraw more than 50 percent of your Retirement income stream balance within 12 months of opening the account, the whole Retirement Bonus will be deducted from your Retirement income stream (excludes funds withdrawn due to death, permanent incapacity, or terminal illness).

Changes

  • From time to time, the circumstances relating to the relevant assets may change. Therefore, we may stop, alter and/or change the terms and conditions of the Retirement Bonus at any time and without notice.

Other eligibility criteria may apply. To confirm if you are eligible for the Retirement Bonus please contact our Member Services team on 1300 033 166.

Any general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any decision, you should obtain and read the relevant Product Disclosure Statement and Target Market Determination or call us on 1300 033 166 for copies of these documents. You may wish to consult an adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.