Read the PDS for the account you’d like to open:

• Transition to Retirement Super Income Stream PDS (PDF)
• Fully Retired Super Income Stream PDS (PDF)

The PDS gives you all the detail on these accounts. This will help you make informed decisions about your retirement.

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

Investing in a SIS account can have tax benefits:

• Investment earnings are concessionally taxed at up to 15% for a Transition to Retirement account
• Generally, no tax is payable on investment earnings for a Fully Retired account
• No tax is payable on regular or lump sum payments to members 60 years and over.

Review all fees and costs related to the SIS account. Make sure you understand:

• Administration fees
• Investment fees and costs
• Transaction costs.

You can choose from a range of investment options to suit you and your retirement goals.

Understand investment risk, asset classes and how we invest your super.

If you don't choose an investment option:

• We will invest your account in the default option, Conservative Growth
• The Conservative Growth option may suit members who can accept some years when investment returns are negative, but who expect that over the long term, investment returns may be above inflation.

Make sure your super goes to those who matter most by understanding:

• The three types of beneficiaries (reversionary, binding and non-binding)
• Who you can nominate as a beneficiary
• Those classified as dependants
• Tax treatment of benefits paid.

What happens if you don’t nominate a beneficiary.

When you open an account, we ask you for proof of your identity. This helps keep your super safe and makes sure it only goes to you.

You can read more in the PDS or the ID requirements (PDF) fact sheet. 

There are three ways you can verify your identity. Please use one of the following ways:

1. Electronic ID

The easiest way to provide proof of identity.

1. Have your Medicare card and driver’s licence or passport ready
2. Write the details in step 11 of the application.

We use this information to check your identity electronically.

2. By email (Selfie ID)

Send photos of the following with your application:

1. A clear photo of you holding your Australian driver’s licence, as well as a clear photo of the back of your driver’s licence,  OR a clear photo of you holding your Australian passport.
2. A bank statement (showing bank's logo) of the account your income stream will be paid into (from the past six months)*
3. One of the following:
   1. Council rates (from the past 12 months)
   2. A utility bill that includes your name and address (from the past three months)
   3. A birth certificate/extract
   4. An Australian Taxation Office notice (from the past 12 months)
   5. A pension card.
       

3. By post (certified ID)

Send us certified copies of these documents by post with your application:

1. Either your Australian driver’s licence (both sides of the licence) OR Australian passport (you don’t need to supply both).
2. A bank statement (showing bank's logo) of the account your income stream will be paid into (from the past six months)*
3. One of the following:
   1. Council rates (from the past 12 months)
   2. A utility bill that includes your name and address (from the past three months)
   3. A birth certificate/extract
   4. An Australian Taxation Office notice (from the past 12 months)
   5. A pension card.

*If your bank account is new and you haven’t got a statement yet, you need to:

1. Get a letter from the bank that includes your name, address, account details and the bank's logo
2. Advise us in writing that you haven't got a bank statement yet.

Read the PDS for the account you’d like to open:

• Transition to Retirement Super Income Stream PDS (PDF)
• Fully Retired Super Income Stream PDS (PDF)

When you're ready to complete the application form. You can find it in the PDS. 

You can send your application, ID copies and any other forms and documents to us in one of three ways:

• Online: Send a message
• Post: Cbus Super, Locked Bag 5056, Parramatta NSW 2124
• In person: Find us