The existing two superannuation (Australia) account types (superannuation - concessional, and superannuation - non-concessional) seem to relate (incorrectly) to the concessional (before tax eg. SGL, Salary Sacrifice, personal deducted contributions) vs. non-concessional (after tax) contribution types/methods that are allowed to be made into a superannuation account. These are not asset/account types as such. The actual superannuation account types should be : accumulation phase (available pre age 60, generally 15% tax on earnings and 10% tax on capital gains), and retirement (pension) phase (age 65 or age 60 and retired. Generally 0% tax on earnings and capital gains. In pension phase there is a mandatory minimum (but no maximum) annual withdrawal rate that is age-based – see table 11 at the ATO link provided ). There is also a special type of accumulation phase account (TRIS - transition to retirement income stream) account that can be setup at age 60-65 that still has 15% tax on earning and 10% tax on realized capital gains (same as in accumulation phase), but has to pay out a tax-free ‘pension’ payments (of between 4% and 10% of account balance each year).