A retirement income stream, gives you regular payments from your super, and allows you to enjoy some generous tax benefits.

You can start a retirement income stream when you reach your preservation age and permanently retire, meet a condition of releaseThis may include: leaving an employer once you turn 60 or you have ceased gainful employment and do not plan to work more than 10 hours a week again, after reaching your preservation age., or when you turn 65 (even if you’re still working). You can also withdraw your super as a lump sum payment, or keep it in a super account.

Whatever you choose, you have more flexibility to use your super, your way. Watch our video below to see how a retirement income stream works.

Retirement income stream improvements

Pay one of the lowest fee

Click here for the full assumptions used in the example.

Receive tax free income in retirement

When you set up a retirement income stream, you can receive regular payments from your account and your money stays invested in a tax-free environment. You pay no tax on investment earnings, income payments or lump sum withdrawals you choose to take.

You can choose how often payments will be made to your nominated bank account; the options are fortnightly, monthly, quarterly, half-yearly or yearly.

There is no cap on how much you can withdraw, but you must withdraw a minimum percentage of your account balance every year. This percentage varies from 4% (under age 65) up to 14% (age 95+).

Calculate my minimum withdrawal amount

Project your retirement income

Create a plan for your retirement

Project your income

Choose how you invest your money

The balance of your retirement income stream continues to be invested in the super system, which means your super can continue to grow^1.

You can invest your income stream account in one or more of our investment options, which include a choice of pre-mixed options or single asset class options you can mix yourself.

Show me how the income stream options are performing
  1. Based on investment performance. Investment returns can be positive or negative and growth is not guaranteed.

Start an income stream

To open an income stream, you need $20,000 or more in super.

For more information read the Member Booklet (Retirement Income Stream) and you can complete the application form at the back.

Quality advice changes lives

In 2016, we purchased StatePlus to create one of the largest member-owned financial planning networks in Australia. Combining our financial planning teams means that our members get greater access to trusted advice.  

We're here with the right support and advice

We know retirement planning can be complex, so it’s wise to talk to a financial planner. 

StatePlus is a wholly owned financial planning business of First State Super. They can help you determine whether a retirement income stream is right for you. 

Book an appointment

$1.6 million transfer balance cap

A $1.6 million cap applies on the total amount of super that can be transferred into a tax-free retirement income stream account. If you breach this new cap, you will be subject to a tax on the notional amount of the earnings on the excess.

The cap will be indexed in $100,000 increments in line with the Consumer Price Index.
Note: If you have more than one retirement income stream, the new cap will apply to the combined amount in all your retirement income stream accounts (investment growth is excluded).

This is general information only and does not take into account your specific objectives, financial situation or needs. Seek professional financial advice, consider your own circumstances and read our product disclosure statement before making a decision about First State Super. Call us or visit our website for a copy. Issued by FSS Trustee Corporation ABN 11 118 202 672, AFSL 293340, the trustee of the First State Superannuation Scheme ABN 53 226 460 365.  Financial planning services are provided by our financial planning business State Super Financial Services Australia Limited, trading as StatePlus, ABN 86 003 742 756, AFSL No. 238430. StatePlus is wholly owned by First State Super.