Transition to retirement
You can use a transition to retirement income stream (TRIS) to draw income from your super while you keep working and adjust gradually to retirement – provided you have reached your preservation age.
If you don’t wish to retire permanently, providing your employer agrees, you can reduce your hours of work and top up your lower salary by drawing regular income from your TRIS account.
Or you may prefer to continue working full time, maintain or increase contributions to your existing superannuation account and draw additional income from your TRIS account as needed.
You must have reached your preservation age and have a superannuation benefit of at least $20,000 before you can invest in a transition to retirement income stream.
Starting a First State Super Transition to Retirement Income Stream
You can start a First State Super Transition to Retirement Income Stream by following these steps:
- Read the First State Super Superannuation Income Stream Product Disclosure Statement (PDF 1368kb).
- Seek financial advice and work out which superannuation benefits you wish to roll in to First State Super to set up your transition to retirement income stream account.
- Complete the Income Stream membership application form for the First State Super Transition to Retirement Income Stream. The form is at the back of the PDS (PDF 1368kb).
- Send your completed forms to First State Super, PO Box 1229 Wollongong NSW 2500.
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