Vision Super Retirement Wage

The Retirement Wage is an estimate of how much you can  draw down from your Account based pension each year. Calculated annually, it’s designed to help you manage your retirement income with greater confidence.

How is the Retirement Wage calculated and when will I receive mine?

Each year in July, unless you opt out, you’ll usually be sent an annual Retirement Wage calculation in your annual pension drawdown letter. In summary, the calculation will include the following information as of mid-June the previous financial year:
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Designed to be flexible

  • The Retirement Wage calculation is a numerical calculation only and you are under no obligation to draw down the amount shown.
  • You still get to choose your income level. You can select the Retirement Wage amount or set your own (subject to government limits).
  • Your estimated Retirement Wage may change each year due to account balance fluctuations, withdrawals, or investment changes.
  • The calculation is provided once at the beginning of the financial year and does not update if you make changes later in the year.
  • If you decide you no longer want to see your annual Retirement Wage calculation, you can opt out at any time by contacting us on the details below.

Your Retirement Wage amount will change every year

Because it’s a yearly calculation based on your account information each June, your estimated Retirement Wage will change each year. This may be due to market fluctuations, lump sum withdrawals, alterations to your investment choice or changes to your pension drawdown rate throughout the year. Remember, the Retirement Wage calculation is a numerical calculation only, and optional for you to receive.  If you do receive a Retirement Wage calculation, it’s up to you whether you adopt the calculated income level for your annual pension payment.

How do I opt out?

If you do not want to see an annual Retirement Wage calculation (using personal information we hold about you) in your annual drawdown letter, you can opt out at any time by contacting us on the details below.

We’re here to help

If you have any questions about the Retirement Wage, or you’d like to opt-out, please contact us on 1300 300 820 or at [email protected]. You can also contact us if you would like to access personal financial advice to help you make your decision about your annual pension payment.
The Retirement Wage is a numerical calculation only.  It is the result of a numerical calculation performed by or on behalf of Vision Super Pty Ltd Vision Super Pty Ltd ABN 50 082 924 561, Australian Financial Services License 225054, as the Trustee of the Local Authorities Superannuation Fund ABN 24 496 637 884.  The calculation is derived from a superannuation modelling tool and is based on certain information and assumptions as at mid-June of the previous financial year. It does not account for any transactions (such as withdrawals, investment changes) made after the calculation date and before the Retirement Wage is provided to you. Although this calculation is targeted to you (using information we hold about you) it is not a recommendation or opinion about the income level you can or should receive each year, taking into account all your relevant personal circumstances.  This means it is not intended to be relied on (by itself) for the purpose of making a decision in relation to a financial product and you should consider obtaining advice from a financial services licensee before making any financial decisions.

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Member Hotline
1300 300 820
Employer Hotline
1300 304 947
Retirement Hotline
1300 017 589

Member Hotline
1300 300 820

Employer Hotline
1300 304 947

Retirement Hotline
1300 017 589

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Vision Super acknowledges the traditional owners and custodians of the lands throughout Australia and pays respect to their Elders past, present, and emerging.
This website is provided to you by Vision Super Pty Ltd ABN 50 082 924 561 AFSL 225054 RSE licence number L0000239 (‘the Trustee’ or ‘we’ or ‘us’) as the Trustee of the Local Authorities Superannuation Fund ABN: 24 496 637 884 (‘Vision Super’ or ‘Fund’). It comprises two URLs: www.visionsuper.com.au (‘the Vision Super website’) and www.activesuper.com.au (‘the Active Super website’).  General Fund information is located primarily located at the Vision Super website but may also be accessed from the Active Super website. The website includes general information or advice only and does not (and should not be taken to) contain any personal advice. It is provided to you, to help you understand our products (including our range of Vision Super products and, from 1 March 2025, Active Super products), services, policies and procedures. It does not take into account your personal objectives, financial situation or needs. You should consider whether it is appropriate for you and your personal circumstances before acting on it and, if necessary, you should seek professional financial advice. Before making a decision to invest in any product available from the Fund, you should read the appropriate Vision Super Product Disclosure Statement (PDS) or the Active Super Saver PDS. The website summarises features of our products only; the relevant disclosure documents and PDSs should be considered for more detailed information. If there is any inconsistency between information on this website and the PDS, the PDS prevails. Past performance is not an indication of future performance. The general information or advice shown was correct at the time of publication, but may have changed since. In particular, information or advice provided as at a certain date or on the basis of information or sources extracted as at a certain date may have changed. If you would like updated information, please contact us

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