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.

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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

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.

Alternatively, you can make an appointment with one of our financial planners. We know retirement planning can be complex, and we can offer financial advice to suit your needs. 

Book an appointment with a financial planner today


$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 advice only and does not take into account your personal objectives and circumstances. You should read the Member Booklet (Retirement Income Stream) or call us on 1300 650 873 for a copy and speak to a financial planner, if necessary before making a decision. Issued by FSS Trustee Corporation (FTC) ABN 11 118 202 672, AFSL 293340, the trustee of the First State Superannuation Scheme (the Fund) ABN 53 226 460 365. Financial planning advice is provided by First State Super Financial Services Pty Limited ABN 37 096 452 318 AFSL No. 240019. Please refer to the Financial Services Guide.