Income Stream

Income Stream Scheme

If you’re approaching or have reached your Commonwealth Government preservation age, 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 an income stream, like the Super SA Income Stream, could be a great option. Have a read of your Super SA member booklet to learn how Super SA can support you on your retirement journey.

Receive a regular income

Decide how much and how often you receive money so you can pay for the things that make life comfortable.1

Access lump sums

Withdraw money as lump sums when it suits you1. Cover your holidays or even unexpected costs. You have more choice and control over how you enjoy the fruits of your labour.

With the Super SA Income Stream you may be able to:

  • Save on tax - If you’re over the age of 60, all your investment earnings (and payments) are tax free.
  • Create an account for your spouse 2 - So your spouse can also receive the benefits of an income stream. An Income Stream could give you greater control of your finances, manage cash flow and plan further ahead. It may help you move towards and embrace your future — with greater confidence.

Where an Income Stream fits into the bigger picture


Transition to Retirement (TTR)

You’re still working but you’re getting ready for your next phase of life. Access TTR for more information here


Receiving a regular income after you stop working

Receive regular payments or withdraw lump sums with an Income Stream.1

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

If you've reached your 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, potentially reduce your taxes and could save more1. 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.
  • To rollover a portion of your benefit to an Income Stream

    • You’ll need to enter into an agreement with your employer to reduce your working hours.
    • Or alter your employment that results in a reduction to your salary.

Want to learn more about Income Stream?

Frequently asked questions

  • It’s up to you. You can choose from these options —

    • Fortnightly
    • Monthly
    • Quarterly
    • Half-yearly
    • Annually
  • As members serving members, we aim to keep our fees low so you may be able to benefit as much as possible over the long run.

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    Administration fees and costs

    0.15% p.a. of your account balance (minimum $70.20 p.a. to a maximum of $375 p.a.)3

    Investment fees and costs

    0.75% p.a.

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    Transaction costs

    0.04% p.a.

    The above fees and costs are for the balanced investment option.
    For a complete overview of fees and charges, please see our Product Disclosure Statement.

    The above fees and costs are for the balanced investment option.
    For a complete overview of fees and charges, please see our Product Disclosure Statement.
  • The Income Stream Scheme offers a range of investment options. Each option is designed to achieve different investment objectives putting you in control. You can choose either one or a combination of investment options for your Income Stream.

    Click here to learn more about Investment Performance.

    • Have a minimum of $30,000
    • Be a current Super SA member or investor (active or preserved) or be a spouse of a Super SA member
    • Or be a current member or have received an entitlement from an SA public sector super scheme in the last 24 months
  • Date of Birth      


    Preservation Age (Years)

    Before 1 July 1960



    1 July 1960 – 30 June 1961



    1 July 1961 – 30 June 1962



    1 July 1962 – 30 June 1963



    1 July 1963 – 30 June 1964



    From 1 July 1964



  • As a Triple S scheme member, your employer contributions, salary sacrifice and investment earnings have not been taxed.

    This untaxed amount will be taxed at 15% when you roll it over into a taxed super fund, including an Income Stream account.

    If you would like to discuss this in detail, feel free to get in touch with a financial adviser.

  • If you’re under 60, payments from your Income Stream may be treated as regular income and may be subject to income tax with a 15% rebate applied. A percentage of your income may also be tax free.

    If you would like more information about how this works, feel free to get in touch with a financial adviser.

  • A Super SA Income Stream account can be opened with funds rolled over from a complying fund if 

    • You’ve received an entitlement from a Super SA scheme in the last 12 months OR
    • You’re still a member of a SA public sector fund.
    • Or left Super SA within the last 24 months

    If you would like to learn more about Super SA’s Income Stream product, sign up for a webinar now.

  • Once an Income Stream account has been opened, you can’t contribute or transfer more money into it without closing it and recommencing it as described below. Alternatively you can open a second Income Stream account.

    Further funds can be transferred in from other super (or income stream) accounts or extra savings added (terms and conditions apply) by making contributions into a super fund, such as the Flexible Rollover Product - before consolidating and recommencing a new Income Stream account.

    If you’re not sure what to do, please get in touch with a financial adviser.

  • Yes, the minimum opening balance for a Super SA Income Stream is $30,000. If you would like to open a second Super SA Income Stream account at the same time, the minimum opening balance requirement is $10,000.

    If you’re considering multiple income streams, we highly recommend speaking to a financial adviser. Feel free to get in touch with a financial adviser today.

Ready to apply for an Income Stream now?

Please read the Super SA Income Stream PDS to ensure the product is appropriate to your personal circumstances.

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.

If you're considering opening an Income Stream and require a payment in June 2024:

  • Income Stream application forms are required by 05 June (payment date being 15 June for the monthly cycle) or 18 June (payment date being 27 June for the fortnightly cycle)

If you're considering opening an Income Stream and require your first payment in July 2024:

  • Income Stream application forms are required by the 02 July (payment date being 11 July for the fortnightly cycle).

If you need help with anything, don’t hesitate to give us a call on (08) 8214 7800 or email us.
1 Preservation rules and minimum and maximum drawdown rates may apply. Tax may be payable on withdrawal. Refer to the Income Stream Product Disclosure Statement for further information.  
2 Subject to eligibility.
3 An additional 0.0125% p.a. administration fee and cost is deducted from your investment in relation to an Operational Risk Reserve.
The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information in this publication is of a general nature only and has been prepared without taking into account your objectives, financial situation, or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation, and needs, read the Product Disclosure Statement (PDS), and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.