Joining the Superannuation Income Stream division

On 1 August 2007 the First State Super Pension Division transitioned to the First State Super Superannuation Income Stream Division. This was to satisfy the requirements of the Federal Government's Super Simplification reforms to pensions.

The Allocated Pension is now referred to as the Retirement Income Stream and the Transition to Retirement Allocated Pension is referred to as the Transition to Retirement Income Stream

Retirement Income Stream (post retirement)

For those with an unrestricted non-preserved (PDF 374 kb) superannuation benefit of at least $20,000.

Transition to Retirement Income Stream (pre retirement)

For those who have reached their preservation age and have a superannuation benefit of at least $20,000. 

Click here for a snapshot of the First State Super income streams.

Starting a First State Super income stream

You can start a First State Super income stream by following these steps:

• Read the First State Super Superannuation Income Stream Product Disclosure Statement (PDF 49kb).
• Seek financial advice and work out which superannuation benefits you wish to roll in to First State Super to set up your income stream account.
• Consolidate your super before you start your income stream account. Once you have transferred an amount into an income stream account you are not able to add to it.
• Complete the Income Stream membership application form for the First State Super Retirement Income Stream or First State Super Transition to Retirement Income Stream. The form is at the back of the PDS (PDF 49kb). 
• Send your completed forms to First State Super, PO Box 1229 Wollongong NSW 2500.

Options for future contributions

If you work part-time you can not add your employer’s contributions to your income stream account but you can have a separate non-pension superannuation account with First State Super to:

• continue to make your own contributions*
• have your employer or spouse make contributions to that account*
• arrange insurance cover if you are under age 65.

You will need to complete a separate application form which accompanies the First State Super Personal Division PDS (PDF 1912kb) if you do not already have a separate non-pension superannuation account with First State Super.

FSS Trustee Corporation is the issuer of the Personal Division. Before making a decision about the Personal Division, you should consider the Product Disclosure Statement.

*Contribution restrictions currently apply if you are over the age of 65, click here to find out more.