© 2010 FSS Trustee Corporation ABN 11 118 202 672, AFSL 293340, the trustee of the First State Superannuation Scheme ABN 53 226 460 365. Please click on the links on the right hand side to the general advice warning and conditions of use for this website.
What are income streams?An income stream allows you to keep your super invested for growth and convert it into regular income payments. With a First State Super income stream account you:
To open a First State Super income stream you will need a minimum investment of $20,000.
Minimise taxIf you transfer all or part of your super to a First State income stream:
Click here to find out more Investment choiceMaking the right choice of investment option is important when thinking about the amount of time you expect your income stream to last. You can choose from 11 investment options with First State Super’s income stream accounts. Click here to find out more. If you are transferring from an existing account with First State Super you must make a fresh election for your chosen investment option/s. Otherwise your income stream account will be invested in the Trustee’s default option. Before choosing an investment option, please consider the "Choosing your investment options" section of the First State Super Superannuation Income Stream Product Disclosure Statement. You should consider seeking advice from a licensed or authorised financial adviser before you choose your investment option or change your investment option. Nominate your beneficiariesYou can nominate what will happen to any remaining income stream account balance in the event of your death:
Where you do not nominate a reversionary beneficiary and a binding death benefit nomination is not in place, the Trustee must exercise its own discretion in determining the beneficiaries of any death benefit. We recommend that you seek advice from a licensed or authorised financial adviser to determine the best way to proceed. What about the age pension?It is possible in some circumstances to receive a Government Age Pension and other Centrelink benefits as well as income from a First State Super income stream. Centrelink and the Department of Veteran’s Affairs have two tests to determine your eligibility for benefits – the income test and the assets test. You will only be entitled to receive Government benefits if your assets and your income are below the test levels. Income Streams do not qualify for an exemption from either test. For further information call Centrelink Financial Information Services on 13 23 00 or visit www.centrelink.gov.au Centrelink provides this service free of charge. |
Options 55-plus calculator Thinking about setting up a transition to retirement income stream (TRIS)? Use our Options 55-plus calculator here
Need to change your details? Click here to find out how
Need some personal advice?
First State Super members have access to low cost financial advice through FSS Financial Planning.
Click here to find out more |

