Taxation

There are considerable tax advantages investing in a Super Income Stream compared with other types of investments such as shares, property, managed funds etc. You could be heavily taxed on investment earnings outside of super, paying your marginal tax rate of up to 46.5%.

More money for you

Cbus Super Income Stream provides:

• tax-free access to your money once you’re over age 60 and have permanently retired; and
• tax-free investment earnings.

Investing in super makes sense. It’s a tax effective option which could save you money. Think of the extra cash that you could spend on holidays, grandkids or just enjoying a quality retirement.

Once you reach age 60, you pay no tax on your Cbus Super Income Stream, whether you receive regular income payments or withdraw lump sum amounts. Plus, there’s no tax on the investment earnings either.

If you’re under 60 years of age, your income payments will be subject to tax (plus Medicare Levy). Income tax is deducted from payments made to you through the PAYG (Pay As You Go) withholding system.

If you are under age 60, we will provide a PAYG certificate after the end of each financial year, together with information you need to complete your tax return.

The tax treatment of income streams can be complex, so we recommend you seek financial advice before making any decisions.