Join
Join

Open a
retirement account

Whether you’re retiring completely or winding down your working hours, a Hostplus retirement account can be a smart way to secure a regular income.

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Are you eligible for a Hostplus retirement account?

There are two types of Hostplus retirement accounts: Hostplus Pension and Hostplus Transition to Retirement. With your choice of investment and income payment options, you’re in control of your retirement lifestyle with a Hostplus retirement account. But you’ll need to meet the following requirements to be eligible.

Age and work

To open a Hostplus Pension account, you must meet one of the following conditions:

  • have reached your preservation age  (between 55 and 60, depending on your birth date) and be retired
  • be aged 60 or over, and be leaving or changing your job
  • be aged 65 or over
  • be totally and permanently disabled, terminally ill or an eligible dependent receiving a death benefit income stream.

 

If you’ve reached your preservation age but are still working, you can open a Hostplus Transition to Retirement (TTR) account. 

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Opening balance

To open a Hostplus Pension account, you’ll need to invest a minimum of $10,000, and can invest up to a maximum of $1.9 million (this limit is called the transfer balance cap). 

You can transfer money from any super fund or pension account, including your Hostplus super account.

Get ready to apply

for a Hostplus retirement account

What you need to know

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Tax requirements

  • Finalise any tax deductions on your super contributions for the current year. To do this, you’ll need to submit a notice of intent to claim a tax deduction form with your super fund.
  • If you’re under 60, you must provide your tax file number. If you’re over 60, you don’t have to give your tax file number, but the taxable component of your pension may be taxed at the highest marginal rate plus the Medicare levy (if applicable) if you don’t.
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Documentation

In preparation for your application, please make sure you have:

  • your tax file number (if you’re providing it)
  • superannuation and/or SMSF account details
  • bank account details and a matching bank statement, and
  • a current passport (or an Australian passport that has not been expired for more than two years), driver's licence, and/or Medicare card details.
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Investments and beneficiaries

As part of the application process, you’ll have the option to choose your investments, nominate your beneficiaries and choose your payment amount and frequency (subject to the minimum limit set by the Federal Government. See our Pension Guide for details).

If you're unable to apply online for any reason, please call us on 1300 348 546 or contact us to discuss your options.

Make an
informed choice

Learn more about a Hostplus Transition to Retirement account in our detailed guides.

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Advice on your retirement

If you’re trying to decide if a Hostplus retirement account is right for you, or you’re looking for the best investment options for your needs, our financial planners can help you plan for the retirement you deserve.

Make your pension investments go further

The right investments can make a big difference to your finances in retirement. Check out our investment options – including our innovative pension investment option, CPIplus  – to understand what might suit your needs.

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Get ready for a positive future with a Hostplus retirement account

It takes about 20 minutes to apply for a Hostplus retirement account online, or you can call us on 1300 348 546 to discuss your options.


Have a question 

about Hostplus retirement? 

Find answers to some of the questions we commonly get asked about our pension accounts.