Ready to open an account?
Follow our step-by-step process. You can save your progress during the application process and return to it later if you need to.
Book a time today
Complete the form below and our team will be in touch
Ready to get started? You can open your new account via our online portal and save your progress as you go. It takes about 20 minutes to complete the application.
Before you start applying for your retirement account, there’s a few things you should have prepared.
You’ll need the following items to set up your account:
- Bank account details for where you’d like your income payments to go.
- Superannuation account details from which to transfer your super savings into your new retirement account.
- Two forms of identification to verify your identity, such as a valid Australian driver’s licence or passport.
- Tax file number for the purposes of identification when rolling over from an external fund.
- A digital copy of your bank statement to confirm the bank account that we will pay your income to.
To open a Transition to Retirement Income account, you need a minimum of $25,000. If you’re transferring money from a super account in Equip Super but still plan to keep your super account open, you’ll need to leave a minimum balance of $6,000 in that account.
Equip Super offers seven diversified investment options and four sector-specific options, so you can choose the options that best suit your retirement goals.
You can choose to have your income paid to you on a fortnightly, monthly, quarterly, half-yearly, or annual basis. And you get to nominate how much you want to receive. Note that minimum and maximum amounts apply.
Because you've turned 60, there's generally no tax on your income payments.
One of the main benefits of a Transition to Retirement Income account is that you may be able to reduce your working hours but still maintain your income by drawing the difference from your super.
Or, if even you're not quite ready to reduce your hours, you can simply receive the additional income.
Our transition to retirement strategy outlines these options in more detail.
While you’re still working, you and your employer can keep making contributions to your super account, so you can keep saving for your retirement.
Need some help with your application?
Our Retirement Specialists are experts in assisting members with setting up their accounts.
Whether over the phone or via a video appointment, we can:
answer your questions and help you understand your retirement options
provide you with general advice to help you make more confident decisions
step you through the application process or start an application on your behalf.
Call us on 1800 777 060 or use this form to book a time to speak with our team today.
Account application forms
You can also open an account with a physical form. Download and complete the following (as required) and submit them to us as per the instructions on the form.
| We acknowledge all First Peoples of the beautiful lands on which we live and work, and their enduring knowledge and connections to Country. We honour the wisdom of and pay respect to Elders past and present. |  |  |