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Fund it with an income stream

For most people, super is designed to be a valuable source of income in retirement.

So as you approach retirement, it makes sense to start thinking about how you will fund your life after work and part of that is working out how to make best use of your money in super.

An income stream account is established by transferring a lump sum from your super account into an income stream account. You then draw down an income on a regular basis, or have the flexibility to change the withdrawal amount at any time. You can also take out lump sums on retirement income stream accounts.

Open an income stream

Choose the income stream option that suits you

Transition to Retirement Income Stream (TTR) account - for those approaching retirement and still working,
Retirement Income Stream account - for people who are fully retired, have reached age 60 and ceased any employment arrangement, or for those who have reached age 65. 

A Prime Super Income Stream account gives you the freedom to:

  • set-up regular payments or vary them to suit your needs (minimum and maximum payments apply)
  • choose how your money is invested
  • pay no tax on payments from age 60. If you are over your preservation age and under 60, the taxable portion of your income stream is taxed at your marginal tax rate (plus Medicare levy) less a 15% tax offset
  • tax free investment returns for Retirement Income Streams
  • any money left in your account when you pass away goes to your estate or nominated beneficiary
  • access your money when you need it (eligibility rules may apply for TTR income stream). 

To find out more, read the Product Disclosure Statement - Income Streams (PDS).

Start your Income Stream account today!

Opening an account is easier than ever with our online application form.

Open an income stream

If you're eligible and already have access to our secure MemberOnline site simply log in, go the Super tab, click Pension application, and complete your online application. It's that easy!

If you prefer paper, complete the application form in the PDS - Income Streams and return it to us.

Income streams can be complex and may have tax and other implications. There are also strict rules around accessing your super, how much you can transfer into a retirement income stream and operating an income stream account. For these reasons, we recommend you carefully review the PDS - Income Streams and consider obtaining independent financial advice before you make a decision about opening an income stream account.

Maximise or conserve your retirement funds: investment options for long-term growth or reduced risk

Even in retirement, your superannuation can continue to work for you, allowing you to maximise your financial stability and maintain your lifestyle.

Whether you're interested in conservative, balanced, or growth options, understanding how to manage your super post-retirement effectively is essential.

To understand the possibilities available, the benefits and risks, visit our page ''Investing in retirement''.

We're here to help

Speak to a super specialist about your retirement options. 

For general super enquiries, phone our team members on 1800 675 839 between 8am and 8pm AEST Mon-Fri or email us here. For anything more, book a time to talk with a super specialist.

Book a time to talk with a super specialist