Can I use money that is not from superannuation to set up a First State Super income stream account?
Answer
To set up either a First State Super Retirement Income Stream or Transition to Retirement Income Stream you must have a superannuation benefit of at least $20,000.
If you would like to use money that is not in the superannuation system to set up a First State Super income stream account, you may consider making a contribution to a superannuation account before opening an income stream account. We recommend that you consult a licensed or authorised financial adviser in regard to your personal circumstances.
Contribution restrictions currently apply if you are over the age of 65. Click here to find out more.
The information on this website contains general information and does not take into account your personal objectives, financial situation or needs.It is important, before deciding whether to become a member of First State Super (or, if you are already a member, to continue your membership) that you consider the First State Super Product Disclosure Statement relevant to your own situation.