Income Stream

Income Stream Scheme

If you’re approaching your Commonwealth Government preservation, surpassed it, or have stopped working to embrace your best future, you may have considered how you’ll access your super. After all, you’ve worked hard for your super, your entire life.

Rolling over your super into a Super SA Income Stream could be a great option. With our Income Stream you:

Receive a regular income

Decide how much and how often you receive money so you can pay for the things that make life comfortable.

Access lump sums

Withdraw money as lump sums when it suits you. Cover your holidays or even unexpected costs. You have more choice and control over how you enjoy the fruits of your labour.

With our Income Stream you can also —

Save on tax - If you’re over the age of 60, all your payments are tax free. As are your super investment earnings.1 Create an account for your spouse - This way, you have two tax-effective Income Streams after you stop working. Look after those you love the most - You can nominate your spouse or a legal personal representative to receive your Income Stream payments...for a worst case scenario.
Overall, an Income Stream can give you greater control of your finances, manage cash flow and plan further ahead. It will help you move towards and embrace your future — with greater confidence.

Where an Income Stream fits into the bigger picture

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Working and saving for your future

While you’re working you’re contributing to your super balance (subject to rules that apply).

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Early Access to Super (EATS)

You’re still working but you’re getting ready for your next phase of life.

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Receiving a regular income after you stop working

Receive regular payments or withdraw lump sums with an Income Stream.


You don’t need to stop working to have an Income Stream

If you've reached Commonwealth Government preservation age but want to keep working, you can still invest in an Income Stream. By doing so, you’ll be able to access your super earlier, reduce your taxes and save more. Transitioning to a phase where you can get active living your best life will be much smoother and easier.

    • You won’t need to reduce your working hours to start accessing super from your Income Stream.
    • By choosing to salary sacrifice back into your super account while still working, you could save more for your future.
    • You’ll need to enter an agreement with your employer to reduce your working hours.
    • Or take on work that reduces your salary.

If you have stopped working

Fill in

a Retirement Declaration Form 2

Rollover

your super into an Income Stream account

Decide

how often you want to be paid

Get active

living your very best life

Some frequently asked questions about Income Stream

Want to learn more about Super SA's Income Stream?

Want to learn more about Super SA's Income Stream?

Sign up for a webinar here
Not sure if you're ready for an Income Stream?

Not sure if you're ready for an Income Stream?

Speak to a financial adviser
Want an estimate on the regular payments you may receive?

Want an estimate on the regular payments you may receive?

Try our calculator



Alternatively, you can speak to a Financial Information Services (FIS) officer at Centrelink. The officer may be able to tell you your optimised outcome, at no extra cost. If you wish to speak with Centrelink, feel free to get in touch with them.

Ready to apply for an Income Stream now?

Just fill in the “Application to Purchase” form found at the back of the Super SA Income Stream PDS along with any other applicable documents.
Then send them back to us.

 

1 Members will still be required to pay the 15% contributions tax upon rolling funds into an Income Stream.
2 This is only required if you have an existing TTR Income Stream.

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