Reduce your hours and top up your take-home pay with super or save more for retirement.
Income payments are generally tax-free. For the Fully Retired account, investment earnings are tax-free, too.
For Fully Retired accounts, make withdrawals and change payment frequency any time.
Choose from pre-mixed or DIY investment options to keep your super working.
The Fully Retired account can work with the Age Pension.
If you're still working, you can keep your insurance through your accumulation super account.
There are two types of SIS accounts. The right account for you may depend on your age and if you’re still working.
| Age | If you're still working | If you've stopped working |
|---|---|---|
| 60 to 64 | Transition to Retirement (TTR) account | Fully Retired account |
| 65+ | Fully Retired account | |
You can access your super by making withdrawals from your super account, or by opening a TTR account or Fully Retired account. Each of these options has pros and cons.
| Super account | TTR account | Fully Retired account | |
|---|---|---|---|
| Regular payments | X | ✔ | ✔ |
| Tax-free income payments after 60 | X | ✔ | ✔ |
| Tax-free investment earnings on your account balance | X Taxed up to 15% |
X Taxed up to 15% |
✔ |
| Unlimited withdrawals | Application needed for each withdrawal | Generally limited to 10% of balance per year* | ✔ |
| Can add contributions into account | ✔ | Can't add more once opened | Can't add more once opened |
| Income stream tax refund at set up (if eligible)^ | X | X | ✔ |
| Learn about Super | Learn about TTR | Learn about Fully Retired | |
* Exceptions apply, such as for access to unrestricted non-preserved funds. See the TTR account Product Disclosure Statement (PDF). ^ See the Income stream tax refund fact sheet (PDF). |
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Your super is your money. The choices you make now can have a big impact on your financial future.
Before making big changes, chat to our Advice team. We can help you understand your options and offer different levels of guidance depending on what you need.
We offer helpful seminars and webinars as part of your Cbus membership.
Learn more about retirement planning, super income streams, the Age Pension and more.
Make confident choices about your retirement.
Our Advice team is here to help you.
Our calculators can help you undertand how to maximise your super and plan for retirement.
