Open an Income Stream
Open an Income Stream
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When you turn 60 you have the option to start using your super to support your lifestyle. A Super SA Income Stream gives you flexibility to receive ongoing payments from your super in a way that suits you. It’s easy to get started with our 3-step guide.
It’s easy to get started with our 3-step guide.
Before you start
To ensure an Income Stream is the right product for you, please read the PDS.
Super SA offers two types of Income Stream accounts:
- Retirement Income Stream
- Transition to Retirement (TTR) Income Stream
Both use the same PDS and application form. Depending on your age and work status, we’ll set up the one that applies to you.
Your 3-step guide to opening an Income Stream
Step 1: Check your eligibility
Your eligibility depends on the type of Income Stream you’re opening.
Transition to Retirement Income Stream
All of the following must apply:
- You’re 60 and have not permanently retired
- You have at least $36,500 in your Triple S account
- You haven’t made a partial transfer or received a Transition to Retirement benefit from your Triple S account this financial year.
Retirement Income Stream
All of the following must apply:
- You’re over 60 and have permanently retired
- You’re aged 65 or older
- You’re under the age of 65 and have retired due to total and permanent disablement.
Step 2: Complete the form and gather supporting documents
To open your account, you’ll need to complete the ‘Open a Super SA Income Stream Account’ form.
Please include the following with your application.
- Certified proof of identity: This can be a current driver’s license or Australian passport. For information on other types of documents we accept and how to have them certified, read our Proof of Identity Information Sheet.
- Most recent bank statement: This is only needed if you're submitting bank details that we don’t already have on record. Your statement can be a printed or online version from a bank or credit union. Your full name, BSB, and account number must be clearly shown.
Other forms you need to complete
| What’s your situation? | Additional form |
| I’m under 60 | Tax File Number Declaration |
| I’m transferring funds from Super SA’s Lump Sum Scheme | Application for payment |
| I’m opening an Income Stream using funds from an external super fund | You’ll need to roll your super into Super SA first, either through myGov or by completing a Consolidate your super form |
Step 3: Submit your paperwork
You can submit your documents by email, post or in person, using the contact details on the forms. We’ll take care of the rest.
Quick checklist:
🗹 Completed ‘Open a Super SA Income Stream Account’ form
🗹 Certified proof of identity
🗹 Recent bank statement (unless we already have your account details)
🗹 Tax File Number Declaration form (if you’re under age 60)
🗹 Application for payment form (if you’re transferring funds from the Lump Sum Scheme)
🗹 Consolidate your super form if rolling over external funds (unless done via myGov)
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What happens next
Once we’ve received your completed forms and documents, it generally takes 3-6 weeks to open your account and start your payments, depending on the payment frequency you choose.
If we need anything else, we’ll be in touch with you.
One-on-one support
If you'd like help understanding how an Income Stream works, or you’d prefer support completing your forms, our friendly Member Solutions team is here to help.
Book an appointment to chat with us in person or over the phone.