Income Stream

• 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.

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.

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		55
1 July 1960 – 30 June 1961		56
1 July 1961 – 30 June 1962		57
1 July 1962 – 30 June 1963		58
1 July 1963 – 30 June 1964		59
From 1 July 1964		60

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.