Open a HUB24 Super
Lifetime account for suitable clients as part of their super strategy.
Introducing lifetime super on HUB24
Combine flexibility now with the option of lifetime income later
Our new lifetime super account on HUB24 Super empowers you to deliver better retirement outcomes for your clients, without adding complexity.
See how Jenny earns nearly $70,000 more in Age Pension in the first five years after turning 67 as a result of including lifetime pension in her retirement strategy1
Introduce longevity planning earlier
Keep clients aligned to their existing investment strategy and your advice approach
Support retirement income confidence and potential Age Pension outcomes for suitable clients
How lifetime super works
Choose your clients’ investment as you normally would
From HUB24’s wide range of investment options, along with HUB24 Super’s administration and reporting.
Expand retirement conversations and potentially deliver more income for your clients in retirement
By introducing lifetime income concepts earlier, while maintaining accumulation flexibility.
At retirement, choose retirement solutions to suit your client’s objectives
With lifetime super, clients are not locked in and are under no obligation to take up a lifetime pension.
Resources
Introducing HUB24’s Lifetime Super Account
This webinar will highlight:
- How the HUB24 lifetime super accounts fits within a retirement strategy
- The differences between personal super and lifetime super
- How to open a lifetime super account for new and existing clients
Introducing HUB24’s Lifetime Super Estimator: How to demonstrate the benefits of a lifetime super account
This webinar will highlight:
- Benefits of lifetime super
- Demo of the Lifetime Super Estimator calculator
- Tips for integrating lifetime super accounts into advice processes
- Q&A section
Meet Jenny
Goals
In accumulation
- To maximise her wealth in superannuation
- To maximise options in relation to entitlements at retirement
In retirement
- To have confidence to drawdown an income of $72,000 pa
- To never be solely relying on Age Pension
- To ensure there are funds available to access for unplanned events
Financial situation
| Current salary | $120,000 ($90,812 after tax) |
| Current Superannuation balance | $150,000 |
| Current Age | 40 |
| Retirement Age | 65 |
| Balance risk profile | 6% net return |
| Home Ownership | Homeowner |
Centrelink uplift Year 1 (age 67) – $14,842 + Pension Concession Card
Over the first 5 years from age 67, the innovative approach Centrelink payment is $92,949 compared to the traditional approach for the same period of $23,907 – almost a whole year’s income!
Account Based Pension runs out at the age of 90
* Lifetime approach
Note: The figures and benefits of the “Lifetime approach” tab on the chart above are based on these assumptions.
Jenny’s lifetime super balance at age 65 is $865,098.
At age 65 the recommendation is to split her retirement balance as follows:
%
Account Based Pension $605,568
%
Lifetime income $259,530
Lifetime pension account
| Lifetime super deemed value | $544,486 |
| Less commutations | $(605,568) |
| Purchase amount | $0 |
| Asset test – 40% discount | $0 |
| Total assessable value | $0 |
Account based pension
| Purchase amount | $605,568 |
| Total assessable value | $605,568 |
Centrelink assets test value calculation: ABP (70%) $605,568
Assumptions
| Average weekly ordinary time earnings (AWOTE) | 3.7% |
| Present value deflator | 2.5% |
| Upper threshold deeming rate | 3.25% |
| SGC | 12% |
| Investment returns (net) | 6% |
| CPI | 2.5% |
1For illustrative purposes only – the hypothetical assumptions used in this case study are for illustrative purposes only, all values are in real terms. Actual outcomes will differ.
Frequently Asked Questions
What is a lifetime super account on HUB24 Super?
The lifetime super account is an accumulation account within HUB24 Super that supports your implementation of future retirement strategies without changing how you use our platform today.
A lifetime super account functions similarly to a regular accumulation account, but it offers members an advantage: a concessional ‘deemed purchase price’ used to determine Age Pension eligibility, which can lead to increased government entitlements.2
For individuals with a standard accumulation account, Centrelink assesses their assets test based on the actual account balance when a pension is purchased. In contrast, those that use a lifetime super account to purchase a lifetime pension have their asset value determined using the ‘deemed value’, which disregards investment returns. This method generally results in a lower assessed asset value, leading to a more favourable outcome in the assets test for government entitlements. Therefore, the earlier a client starts in lifetime super, the greater the potential benefit if they transition to a lifetime pension account when they retire.
Does this change how I invest or administer client accounts?
The HUB24 lifetime super account supports the same investment menus (Discover, Core, Choice) and administratively operates the same as personal super as it is fully integrated into the HUB24 platform. It supports the same transfer flexibility as a personal super account enabling clients a choice of pension account types at retirement, i.e. an account-based pension and/or a lifetime pension account. Clients holding a lifetime super account are not locked into using a lifetime pension account in retirement.
Are there additional fees?
There are no additional fees for choosing the lifetime super account option as clients remain in HUB24 Super. Refer to the Supplementary Product Disclosure Statement, which will form part of the PDS published on our Product Documents page.
How can a lifetime super account impact Centrelink outcomes?
As part of an Innovative Retirement Income Stream (IRIS), the lifetime super account supports concessional social security assessment for eligible clients when a lifetime pension is taken up, which may improve Age Pension outcomes.1
What happens at retirement?
At retirement, clients can choose how to structure their retirement income. This may include allocating part of their super to a lifetime pension account (subject to availability, eligibility and personal circumstances) and retaining flexible access to capital through an account-based pension account as well.
Explore more
Everything you need to understand the detail
Access the relevant PDS, guides and disclosure documents for HUB24 Super (including the lifetime super account) — all in one place.
A flexible foundation for advice-led investing
Explore how HUB24 Super combines investment choice and transparency to help your clients achieve their retirement goals.
Retirement strategies designed for choice and confidence
Discover the range of retirement solutions available on HUB24 — including lifetime super — and how they can work together to balance flexibility with managing longevity risk for your clients.
Productivity that empowers your advice
See how HUB24’s award-winning platform can empower your advice business productivity with innovative solutions that empower you to support a broader range of client segments.
Let’s talk about how our market-leading platform can help you.^
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^ HUB24 won Best Platform Overall, Best Platform Managed Accounts Functionality, Best Product Offering, Best Decision Support Tools, Best Online Business Management and Best Reporting in the 2025 Investment Trends Platform Competitive Analysis and Benchmarking Report.
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1The hypothetical assumptions used in this case study are for illustrative purposes only, all values are in real terms. Actual outcomes will differ.
2 Subject to individual circumstances.