If you decide that you would like to have a steady income stream throughout your retirement, we can set up an income stream account for you. Your circumstances will determine which retirement income stream option is best suited to your needs.
You can join this income stream plan even if you are not already a member of Prime Super, provided you meet the following criteria:
Once you have paid in your super funds to your income stream account you cannot add further funds. It is a good idea to consolidate multiple super funds before converting to an income stream so that you can include all your funds in your account. You are permitted to withdraw lump sums of a minimum value of $1,000 and up to the value of your fund.
A non-commutable allocated income stream is similar to the allocated income stream except it provides you with:
To read a full description of our retirement income streams, please see our Short-Form PDS. If you have decided that an allocated income stream or non-commutable income stream is right for you, please complete our application form and return it to us.
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The advice contained on the Prime Super website does not take into account your particular objectives, needs or financial situation. Before making a decision regarding the acquisition or disposal of a financial product, you should assess whether the advice is appropriate to your objectives, needs or financial situation. You may wish to make this assessment yourself or seek the help of an adviser. Prime Super takes no responsibility for you acting on the information provided. Any decision that you make is at your own risk. Before acquiring a financial product you should obtain a Product Disclosure Statement (PDS) relating to that product and consider the contents of the PDS before making a decision about whether to acquire the product.
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