Cbus Super Income Stream (SIS)

A super income stream can provide regular and tax-effective income, during your final years of work and into retirement.

A steady pay cheque even after you stop working

Designed to work with the pension

Get regular income from your super, with potential tax advantages

Keep enjoying the things you love

Retire comfortably with as little as $80,000 in your super account

For existing or new Cbus members

Getting started is easy, and we’re here to help.

What’s a Super Income Stream?

A super income stream, or SIS, can provide a regular, flexible and tax-effective source of income during your final years of work and into retirement.

You can set up a super income stream using funds from your existing super account with Cbus or from any other super fund.

Income streams can offer many benefits, including a regular, predictable income, and tax advantages such as tax-free investment earnings (with the Fully Retired option only) and tax-free payments, depending on your age.

Who should consider a SIS?

Cbus Super Income Stream is for people who have:

  • reached their preservation age and intend to keep working and contributing to their super while they receive an income stream (known as the Transition to Retirement or TTR option), or
  • reached age 65 or fully retired and would like to access their superannuation as a retirement income stream (this is known as the Fully Retired option).

How it works

With a Cbus Super Income Stream, you simply decide how much you want to receive as a regular payment and how often you’d like to receive payments. Your regular payments will be deposited directly into your nominated savings account.

You can tailor the amount and frequency of your payments so that your account balance keeps earning interest and growing, even while you withdraw from it. You can change the amount and frequency of payments at any time, as long as your new payment amount falls within government limits.

Your remaining account balance will attract investment earnings less fees, regular income payments, withdrawals and tax (if applicable).

You’ll continue to receive payments until the money in your account runs out. When you die, any remaining balance of your account will be paid to your beneficiaries as a cash payment or regular income.

Take advantage of tax benefits

Generally no tax is payable when you transfer your money into a super income stream. There's also no tax on your investment earnings if you're in the Fully Retired option.  

If you’re under 60, your super income stream payments are taxed lower than other forms of investment. Some of your superannuation income stream may be tax-free and you’ll receive a 15 per cent tax offset on any taxable proportion.

If you’re 60 or over, the super income stream payments you receive are tax-free.

You could be eligible for an income stream tax refund

If you're using an existing Cbus super or TTR account to start your Fully Retired income stream, Cbus will refund money we’ve held from your account that would have been paid as tax. If you’re eligible, the amount will be automatically credited to your new account the day it is opened. Read the Income Stream tax refund fact sheet (PDF) for details.

To find out how much you could receive, call us on 1300 361 784, option 1, and follow the prompts to request a balance quote.

Our consultants can provide guidance on what may suit you and your circumstances. Before you transfer your balance to a fully retired income stream, you should request a balance quote if you think you might be close to the transfer balance cap of $1.6 million.

There are limits on how much you can invest

The Government has limited the amount of super you can transfer into tax-free retirement accounts (like our Fully Retired option) to $1.6 million for the 2020/21 financial year. This is called your lifetime transfer balance cap.

This is the total balance of all your tax-free retirement accounts, pensions and annuities, with Cbus and any other super funds. Tax penalties may apply if you exceed the cap, and any amount over the cap will need to be withdrawn or transferred to a super account.

This limit doesn’t apply to the Transition to Retirement option.

Call us to get started

1300 361 784 (option 4) 

8am to 8pm AEST/AEDT, Monday to Friday

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How to join

Whether you’re an existing Cbus member or new to us, you can join the Cbus Super Income Stream.

Transferring your funds over is easy.  You or your partner can rollover funds from Cbus and other accounts to start a Cbus Super Income Stream. Let us know and we’ll take care of the transfer for you.

To open an account, you’ll need to complete the application form in the Cbus Super Income Stream PDS (PDF), and you need to have:

  • a minimum of $10,000 to invest
  • reached your preservation age.

Your preservation age

If you were born: Your preservation age is:
Before 1 July 1960 55
1 July 1960 to 30 June 1961 56
1 July 1961 to 30 June 1962 57
1 July 1962 to 30 June 1963 58
1 July 1963 to 30 June 1964 59
1 July 1964 or after 60

Transition to retirement

You don’t need to wait until you’ve stopped working before you can start benefiting from your super.

With the Transition to Retirement (TTR) option you can access your super through a super income stream while you’re still working.

To be eligible, you need to be between preservation age and 65 years. 

While you’re working, any super contributions must continue to be paid into a super account.

There are limits on how much you can contribute to your super. Your total super balance (across all your super accounts and income streams) may also impact your eligibility for making after-tax contributions and catching up on before-tax contributions.

There are a number of ways you can use a TTR income stream:

  • work part-time and use the Cbus Super Income Stream to supplement your income
  • work full-time and use a Cbus Super Income Stream to provide some or all of your income. You could then salary sacrifice more of your wages into your super account, providing potential tax savings.

What happens when I reach age 65?

Once you turn age 65 your Transition to Retirement income stream will be automatically transferred to the Fully Retired option. This also happens if you tell us you meet a relevant condition of release. Make sure you consider the financial, taxation and Centrelink implications.

Retirement seminars

We offer a range of seminars for those nearing retirement or fully retired.

Find a seminar near you


Meet with a Certified Financial Planner

If you would like to arrange a meeting with a financial planner for more comprehensive personal financial advice, Cbus Advice Services can refer you to an accredited Certified Financial Planner (CFP) who meets strict professional qualification and service criteria set by Cbus and the Financial Planning Association (FPA) of Australia.

The financial planner can offer you advice on a fee-for-service basis. Your first meeting is at no cost, and any fees for advice will be agreed with you in advance. You may be eligible to have the financial planner payment fees deducted directly from your Cbus account.

Contact Cbus Advice Services to get started.


We’re here to help

Call Cbus Advice Services on 1300 361 784

Press 4 to be connected

8am to 8pm Monday to Friday (AEDT/AEST)

Email: advice@cbussuper.com.au

Or use our online form to request a call from Advice Services.

Read our Financial Services Guide (PDF)