Spouse accounts
April 27 2024
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As an ESSSuper member, your spouse is eligible to access to the same award-winning income streams* and investment options that you do. Not to mention the strong, long-term performance** we're known for, and some handy rebates.
Who is a spouse?
Your spouse is a person who:
- You're in a registered marriage with, or
- Lives with you in a genuine domestic relationship as a couple (e.g. de facto).
What products are available?
An eligible spouse can open these great products:
Refer to the relevant Product Disclosure Statement (PDS) for eligibility criteria.
Strong long-term performance**
Our Investment options are designed to meet their return objectives with less return volatility, helping to protect your super balance during periods of market volatility.
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Award-winning products*
As an ESSSuper member, your spouse gains exclusive access to our award-winning Accumulation Plan and Income Streams.
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Working part-time in the transition to retirement
Planning for your future can be a daunting task, but you're not alone. Contact us for expert information and financial advice about your super from one of our Financial Advisers.† You may also benefit from meeting with a Member Education Consultant for general advice about your ESSSuper account.
As you approach retirement, it can be helpful to make changes at work to ease the transition.
One way to do this is by reducing your hours or changing to a more flexible role. To make the transition gradual, you can consider:
- Talking to your employer about your options, e.g. purchasing extra leave
- Discussing your needs with your family, and
- Meeting with a Financial Advisor† to make a plan.
On the other hand, if you want to increase your take-home pay before retiring, you could:
- Work extra hours at your current job
- Look for additional work outside of your current job (which may be subject to approval by your current employer), or
- Ask for a pay rise.
However, before taking any action to increase your take-home pay, it's important to consider:
- Talking to your employer about overtime options
- Checking your conditions of employment
- How much tax you will need to pay on any extra income
- The impact on your work/life balance.
Accessing your superannuation while working
If you'd like to reduce your work hours without decreasing your income, accessing your super while working could be an option. You may be able to access a transition to retirement pension such as our Working Income Stream to do this.
To access a Working Income Stream you need to:
- Have some or all of your super in an accumulation account (not a defined benefit), and
- Have reached your superannuation preservation age.
It's crucial to be aware that drawing on your superannuation while still working will mean having less money when you retire.
You can learn more about transitioning to retirement on the Government's Moneysmart website.
Save on fees with our exclusive offer
You can both share the benefits of being in the ESSSuper family by referring your spouse or partner to join our exclusive, not-for-profit super fund.
Joining rebate
A spouse or partner joining our Accumulation Plan or Income Stream, will receive a rebate on the administration fees for the first year of joining‡. This will be a rebate of $52 for the account keeping fee and the 0.20% of the account balance for the administration fee. On an account balance of $750,000, that's a saving of around $750 on fees!§
Referral rebate
A member referring their spouse or partner to join, will also receive a rebate of $52 on the account-keeping fee for any Accumulation Plan or Income Stream account held in their name for a period of 12 months.#
Considering a spouse account?
Before opening a new account, you should consider your personal objectives, financial situation, and needs. The relevant Product Disclosure Statement (PDS) can help you:
To help build the future you want together, download a PDS or book an appointment with one of our helpful Member Education Consultants.
We're here to help
For more information about this exclusive offer, our expertise is always close at hand
Contact us