How to join | Cbus Super Income Stream (SIS)

Join Cbus Super Income Stream

A Super Income Stream (SIS) lets you take all the super you’ve worked hard to save, using it as a regular income stream. It offers flexible options to suit your lifestyle, such as choosing how much to withdraw, when and how often.

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How it works

A super income stream provides you with a reliable source of income from you super, providing peace of mind as your transition to retirement and in retirement.

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What it does

Withdraw funds when you need, while keeping the remaining balance invested.

Why choose Cbus SIS

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Run only to benefit members

We're an industry fund, so all the benefits go straight back to you.

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We invest in the industry

Through our wholly-owned entity, Cbus Property.

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Flexible investment options

You can choose from 6 Pre-mixed investment options and 5 DIY investment options

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Value for money

We offer competitive fees.

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Access to advice

Dedicated advice team offering support that's in your best interests.

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Award-winning SIS

Make the most out of retirement.

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Flexibility

Fully retired members can make additional withdrawals when they want and change the amount and frequency of payments any time.

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Investment options

A variety of investment options to suit you.

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Tax-effective

No tax for fully retired members 60 and over, reduced tax for TTR members.

What you need to know

The Cbus Super Transition to Retirement Super Income Stream Product Disclosure Statement (PDS) and the Cbus Super Fully Retired Super Super Income Stream Product Disclosure Statement (PDS) contain important information. They ‘re large documents, so we’ve summarised each section below to help you understand. You should read the full document before applying for a super income stream.

1. Starting a Super Income Stream

Preparing for retirement is an essential step in securing your financial future:

How a Cbus Super Income Stream could help
Examples of how a SIS can be used
How much super you need
How to open a SIS account.

2. Income payments and withdrawals

There are several choices to make when setting up your SIS:

The amount you want to be paid and how often
How your payments and fees are deducted.

3. Investing your account

Choose from a range of investment options that will suit you and your retirement goals.

Find out about investment risk, asset classes and how Cbus invests your super and the options available. 

You don’t have to choose:

If you don’t decide, Cbus will automatically invest your account in the default option, Conservative Growth
The Conservative Growth option is designed to suit most members. It aims to balance the need for consistent returns to provide an adequate income, focusing on reducing short-term ups and downs in performance.

4. Fees and other costs

It's important to review all fees and costs related to an income stream:

Administration fees
Investment fees and costs
Transaction costs.

5. Tax and tax refunds

Investing in an income stream can have tax benefits, but speak to a financial adviser about your situation:

No tax is generally payable on investment earnings if you’re a Fully Retired member
Investment earnings are concessionally taxed at up to 15% if you’re a Transition to Retirement member
No tax is payable on regular or lump sum payments to members 60 years and over.

6. Nominating beneficiaries

Make sure your super goes to those who matter most:

Four types of beneficiaries
Those classified as dependants
Tax treatment of benefits paid.

What happens if you don’t nominate a beneficiary

7. Other important information

Super doesn’t have to be complicated, and we’re here to keep it simple for you.

Cbus advice – we have 3 levels of personal advice available
How super you and an ex partner hold can be considered when dividing property
You can’t add extra money to your SIS account after it's been opened
How the Age Pension can affect your SIS.

8. How to apply

Read the Transition to Retirement Super Income Stream PDS (PDF) or Fully Retired Super Income Stream PDS (PDF), have your ID ready and then complete the application form (PDF).

The PDS provides more detail on these sections, so you can make an informed decision about your retirement.

Identification

Have your identification ready.

There are several ways you can prove your identity. See each method or read the Proof of Identity section of the PDS.

Electronic ID

This is the easiest option and requires both of the following:

Medicare card
Australian driver’s licence or passport.

Email or Post

In addition to a driver’s licence or passport you will need:

Bank statement of the account your income stream will be paid into (from past 3 months)
One from the following:

Council rates or Australian Taxation Office notice (from past 12 months)
Birth certificate/extract, citizenship certificate or pension card
Phone, electricity, gas or water bill (from past 3 months).

Highly rated and award winning

We’re one of Australia’s award winning industry super funds with Cbus SIS receiving recognition across multiple industry ratings. See our awards and ratings.

View our performance.

_{^{^}The Zenith CW Pty Ltd ABN 20 639 121 403 AFSL 226872/AFS Rep No. 1280401 Chant West rating (assigned February 2025) is limited to General Advice only and has been prepared without considering your objectives or financial situation, including target markets where applicable. The rating is not a recommendation to purchase, sell or hold any product and is subject to change at any time without notice. You should seek independent advice and consider the PDS or offer document before making any investment decisions. Ratings have been assigned based on third party data. Liability is not accepted, whether direct or indirect, from use of the rating. Past performance is not an indication of future performance. Refer to www.chantwest.com.au for full ratings information and our FSG.}