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Sunsuper Income account 

Activating an Income account can now earn you a bonus of up to $4,800*.






 

'Through opening a Retirement income account with Sunsuper, I'm over $700 better off this year.' ^ Tracey, aged 65.


  Annual savings Bonus Better off

Income account

Balance: $100,000 

 $474 $300 $774 

What is an Income account? 

An Income account enables you to receive regular payments from your super to your Australian bank, building society or credit union account. There are several potential benefits:

  • ongoing access to super funds before and throughout retirement,

  • regular payments to suit your needs, tax free from age 60,

  • a range of investment choices to invest your money,

  • generally no tax on investment earnings in retirement, and

  • a Retirement Bonus of up to $4,800 for eligible members.*

Which Income account is right for you?

 Your age and work status determine which Income account option you can start.

Select the situation that best describes you.

 

I’m aged between 56 and 65 and still working

A Transition to retirement income account might be right for you

A Transition to retirement income account allows you to supplement your income with regular payments from your superannuation while you transition to retirement. Your income is tax free from age 60.

A Transition to retirement strategy can allow you to either cut back your work hours or make salary sacrifice (before-tax) contributions to boost your super - without reducing your current income.

Give us a call on 13 11 84 to learn and discuss if an Income account is right for you
OR set up your Income account via Member Online today.

I’m aged 56-65 and have permanently retired from the workforce

A Retirement Income account might be right for you

A Retirement Income account is a tax efficient way to receive regular payments from your superannuation savings. You still have the flexibility to withdraw a lump sum when needed. Your income and withdrawals are tax free from age 60.

Give us a call on 13 11 84 to learn and discuss if an Income account is right for you
OR set up your Income account via Member Online today.

I'm aged 65 or over

A Retirement Income account might be right for you

A Retirement Income account is a tax efficient way to receive regular payments from your superannuation savings. You still have the flexibility to withdraw a lump sum when needed. Your income and withdrawals are tax free from age 60.

Give us a call on 13 11 84 to learn and discuss if an Income account is right for you
OR set up your Income account via Member Online today.

 

Call us on 13 11 84 or request a call to learn more today

I'm more than $700 better off this year ^ How we calculated this:

 ^ Scenario assumptions: In this scenario the member is aged 65 and would be required to withdraw a minimum of $5,000 per annum from their Retirement income account. Annual savings are calculated from the difference between $630 investment tax payable p.a. for a Super-savings account and $0 investment tax payable p.a. for a  Retirement income account, less the Retirement income account weekly administration fee totalling $156 p.a. (Income account fees effective 30 September 2017). The Super-savings account investment tax is based on a $100,000 account balance, investment earnings of 7%, and 9% tax on these earnings. No investment tax generally applies in Retirement income accounts. Other tax benefits may also be available.

* Subject to eligibility criteria and conditions apply. The Retirement Bonus is calculated as 0.30% of the sum of your starting Retirement income account balance and any top-ups you make to your Retirement income account before 30 June of the financial year that the Retirement income account is established, up to a maximum amount of $4,800. You must have held a Super-savings account for at least 12 months prior to activating your Retirement income account, not previously held a Retirement income account, your Retirement income account must still be active at the payment date and you have never previously received a Retirement Bonus. The Retirement Bonus is generally paid to eligible accounts on 30 June of the financial year that the Retirement income account is established.