Income Stream

Welcome to the Super SA Income Stream

If you need a tax-effective post retirement product where you can access your super as a regular income as you head into retirement, the Super SA Income Stream is a great option for you. It’s a cost effective product only available to Super SA members and their spouses.


  • A regular income paid fortnightly, monthly, quarterly, half yearly or annually
  • The ability to choose the amount of your annual income (subject to the minimum amount set by the Commonwealth Government)
  • Access to your money when you need it (subject to preservation rules)
  • A choice of seven investment options, and
  • Competitive administration fees.

 So if you’re close to retirement and you:

  • want to keep your money invested in a tax effective super environment
  • want to use your super as a regular income
  • and don’t want to withdraw your super as a lump sum

then the Super SA Income Stream may be a good option for you.  


Tax information you need to be aware of

Investment earnings on an income stream in the Transition To Retirement (TTR)1 phase are taxed at up to 15%. This means that if you have a TTR Super SA Income Stream, your investment earnings are not tax free. This is irrespective of when the transition to retirement income stream commenced.

If you have reached your Commonwealth preservation age and are permanently retired, or you have ceased employment after age 60, you can elect to formally move into the retirement phase, by completing the Retirement Declaration Form and returning it to Super SA.

Transfer Balance Cap

The Transfer Balance Cap is the upper limit, set by the Federal Government, on the total amount of super you can transfer into the tax-free retirement phase. Defined benefit pensions count towards this cap.

Amounts held in Transition to Retirement Income Streams do not count towards the Transfer Balance Cap (until you reach age 65 or permanently retire).

The general transfer balance cap is currently $1.6 million. From 1 July 2021, it will be indexed to $1.7 million.

When the general transfer balance cap is indexed to $1.7 million, there won't be a single cap that applies to all individuals. Every individual will have their own personal transfer balance cap of between $1.6 and $1.7 million, depending on their circumstances.

If you start a retirement phase income stream for the first time on or after 1 July 2021, you will have a personal transfer balance cap of $1.7 million.

If you had a transfer balance account before 1 July 2021, your personal transfer balance cap will be:

  • $1.6 million if, at any time between 1 July 2017 and 30 June 2021, the balance of that account was $1.6 million or more
  • Between $1.6 and $1.7 million in all other cases, based on the highest ever balance of your transfer balance account.

You can view all transfer balance cap information on ATO online.

From July 2021, you will be able to see your personal transfer balance cap in ATO online. This will be the only place you can see your personal transfer balance cap if you had a transfer balance account before 1 July 2021.

If the total of all your retirement phase accounts (such as in a Super SA Income Stream) is in excess of the Transfer Balance Cap, you may have to remove the excess from the retirement income phase. You can choose to be paid the excess, or roll over to an accumulation phase account, such as the Super SA Flexible Rollover Product.

If you have more than $1.6 million in retirement phase accounts, you should seek financial advice.

For further information please call the ATO Super Helpline on 13 10 20 or visit
If you have a TTR phase arrangement in place, you will find information relating to unit prices on the following pages:

  • TTR phase unit prices
  • TTR phase investment performance
  • TTR phase yearly rates of return

1 TTR phase: you must be between your Commonwealth preservation age and 65 and have not met a condition of release. Once you have satisfied a condition of release you will be deemed to be in the Retirement phase. 


The Income Stream was awarded SuperRatings' gold rating. It is recognised as offering the greatest potential for members to maximise their retirement savings in a well serviced, secure environment while offering financial planning services and member education.

It has also received the highest rating of 5 Apples from Chant West. This rating recognises quality super funds based industry best practice in areas such as organisational strengths, investments, fees, administration and member services.

The Super SA Income Stream has received a AAA quality assessment rating by Rainmaker. This is based on a review of the key dimensions of a superannuation product, including organisational strength, investments and communications.


        PENSION GOLD 2021                 SR2021 RGB Pen Gold                   2AAA 2021Rating RBG AAA