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Super Income Stream

Retirement decisions

  • Stopped working?
  • Like to receive a monthly payment?
  • Looking for a low cost retirement product with flexibility?

You can join Cbus in retirement even if you are not currently a member. It’s as simple as rolling over your existing super funds or savings that you may have.

What is an income stream?

An investment product that allows you to receive regular payments over a period of time, similar to receiving wages or a salary. You will be eligible to start an income stream once you reach your preservation age (currently 55). They are created using funds from your existing super account.

You can choose your payment amounts and frequency.  They are created using funds from your existing super account.  Our financial advisers can help you determine the right amounts for you based on your personal circumstances.

You can change the payment amounts and frequency at any time, provided that your new payment amounts falls within government limits.  

Payments will continue to be paid to you until the money in your account runs out. If you die, the balance of your account will be transferred to your beneficiaries.

When you have fully retired or reached age 65, you will have the option of making lump sum withdrawals from your account at any time, provided that the amount is over $1,000. You need to be aware that making withdrawals will reduce the balance of your account and the number of years that your income stream will last you.

Income streams can offer many attractions, including a regular, predictable income, favourable

treatment from Centrelink and Veterans’ Affairs, and tax advantages such as tax-free investment earnings

Key benefits of a super income stream

  • All investment earnings are tax free;
  • Withdrawals are tax free after age 60;
  • It is treated favourably for Centrelink Income Test purposes;
  • In the event of your death, your remaining account balance will be distributed to your beneficiary (or beneficiaries) or estate (reversionary beneficiaries will continue to receive pension income payments).

Super Income Stream features

  • Flexible, easy to understand investment options;
  • No entry fees;
  • Low ongoing fees and no commissions;
  • Online account access;
  • Personalised customer service;
  • Access to other Cbus products and services such as financial planning advice, free retirement seminars and special rates on Members Equity Bank products.

For more information, read the Cbus Super Income Stream Product Disclosure Statement or call the Service Centre on 1300 361 784.