Open an Income Stream

Open an Income Stream

When you turn 60 you have the option to start using your super to support your lifestyle. A Super SA Income Stream gives you flexibility to receive ongoing payments from your super in a way that suits you. It’s easy to get started with our 3-step guide.

Before applying for an Income Stream account, read the Income Stream PDS to ensure the product is right for you. The application to open an Income Stream account is included at the end of the PDS which can be found here - Income Stream PDS.

The forms you will need can also be found here:

Application to purchase Super SA Income Stream
Transfer your Super
Tax File Number Declaration

How does an Income Stream work?

An Income Stream helps you turn your super into income, and it works in two main ways:

You set up an Income Stream using money that’s already in your super account. To get started, you’ll need to transfer at least $30,000 from your super into a new Income Stream account.

Once the account is set up, you’ll receive regular payments directly into your nominated bank account, while the rest of your balance stays invested.

You choose:

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Your investment option(s)

Money in an Income Stream continues to be invested for your future.

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How often you’re paid

Fortnightly, monthly, quarterly, half-yearly or yearly.

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When to take out extra

You can make lump sum withdrawals as needed, if you’re retired or over 65.1

Open an Income Stream in 3 simple steps

Follow these steps and submit your paperwork by email, post or in person, using the contact details on the forms. We’ll take care of the rest.

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How long does it take?

Once we’ve received your completed forms and documents, it generally takes between 3-6 weeks to open your account and start receiving payments, depending on the payment frequency you’ve chosen.

We’ll be in touch if we need anything else to get things moving.

Step 1: Apply for an Income Stream account

Complete the ‘Application to Purchase Super SA Income Stream’ form, found at the end of the Income Stream PDS.

If you’re under age 60, you’ll also need to complete the Tax File Number Declaration, which is included in the same PDS.

Step 2: Gather your documents

You’ll need to include the following with your form:

  • Certified proof of identity: This can be a current driver’s license or Australian passport. For information on other types of documents we accept and how to have your proof of identity documents certified, read our Proof of Identity Information Sheet.
  • Most recent bank statement: You only need to provide this if you're submitting bank account details that aren’t already on record with us. Your statement can be a printed or online version from a bank or credit union. It must include your full name, BSB, and account number.


Step 3: Transfer super to your new Income Stream account

Complete the ‘Transfer your super’ form (if moving funds from Triple S, Super SA Select)

Or complete the ‘Application for payment’ form if moving funds from Lump Sum or Pension Scheme.

To avoid delays, submit this form together with your ‘Application to Purchase Super SA Income Stream’ form, ID, and bank statement (if required).

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Quick checklist of what you’ll need to submit:

🗹 Completed ‘Application to Purchase Super SA Income Stream’ form
🗹 If you’re under age 60, a completed the 'Tax File Number Declaration' form
🗹 Certified proof of identity
🗹 Current bank statement (unless we already have your account details on record)
🗹 Completed ‘Transfer your super’ OR ‘Application for payment’ form

Book an appointment

Make a time to talk with our Member Solutions team, who can answer any questions about the process over the phone or in a 1:1 consultation in our Member Centre. 

Call 08 8214 7800 to book your appointment.

More on Income Stream

Visit our Income Stream page for a detailed video explaining our Income Stream product and answers to common questions.

1 See the Income Stream Reference Guide for information on other conditions of release.
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.

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