Join Cbus Super Income Stream

Preparing for retirement is an essential step in securing your financial future:

• If you’re ready for retirement
• How much you could spend in retirement
• How much super you need
• How a Cbus Super Income Stream could help

There are several choices to make when setting up your SIS:

• The amount transferred into your SIS
• How to invest your SIS
• What happens to your SIS when you die
• The amount you want to be paid
• How your payments and fees are deducted
  

With two income stream options, you can customise your retirement plans:

• Transition to Retirement
  Generally if you’ve reached preservation age, are under 65 and still want to work

• Fully Retired
  If you’ve stopped working or are aged 65+

Choose from a range of investment options that will suit you and your retirement goals.

Find out about investment risk, asset classes and how Cbus invests your super and the options available. 

You don’t have to choose:

• If you don’t decide, Cbus will automatically invest your account in the default option, Conservative Growth
• The Conservative Growth option is designed to suit most members. It aims to balance the need for consistent returns to provide an adequate income, focusing on reducing short-term ups and downs in performance

Make sure your super goes to those who matter most:

• Four types of beneficiaries
• Those classified as dependants
• Tax treatment of benefits paid
• What happens if you don’t nominate a beneficiary

It's important to review all fees and costs related to an income stream:

• Administration fees
• Investment fees and costs
• Transaction costs

Investing in an income stream can have tax benefits, but speak to a financial adviser about your situation:

• No tax is generally payable on investment earnings if you’re a Fully Retired member
• Investment earnings are concessionally taxed at up to 15% if you’re a Transition to Retirement member
• No tax is payable on regular or lump sum payments to members 60 years and over

Read the PDS, have your ID ready and then complete the application form.

The PDS provides more detail on these sections, so you can make an informed decision about your retirement.

Identification

Have your identification ready.

There are several ways you can prove your identity. See each method or read the Proof of Identity section of the PDS.

Electronic ID (Green ID)

This is the easiest option and requires both of the following:

• Medicare card
• Australian driver’s licence or passport

Email or Post

In addition to a driver’s licence or passport you will need:

1. Bank statement of the account your income stream will be paid into (from past 3 months)
2. One from the following:

• Phone, electricity, gas or water bill (from past 3 months
• Council rates or Australian Taxation Office notice (from past 12 months)
• Birth certificate/extract, citizenship certificate or pension card