Accessing an Income Stream

Preservation Ages

If you have reached your preservation age, then you may transfer all or part of your unrestricted non-preserved superannuation benefit into a Cbus Super Income Stream. The minimum initial investment is $10,000.

The table below shows your preservation age:

Date of Birth	Preservation Age
Before July 1960	55
July 1960 - June 1961	56
July 1961 - June 1962	57
July 1962 - June 1963	58
July 1963 - June 1964	59
After June 1964	60

Commuting a Cbus Super Income Stream

A Cbus Super Income Stream can be fully or partially commuted at any time, unless you access your Income Stream using the 'Transition to Retirement' facility. If you are operating your income stream as a part of the Transition to Retirement facility, it can only be commuted:

to pay out an unrestricted non-preserved benefit;
to pay a superannuation contributions surcharge;
to give effect to a payment split under family law;
to purchase another non-commutable income stream; or
as a payout on the death of the product holder; or
to rollover directly to your previous, or a new, super fund.