Overview
The Super SA Income Stream is designed to provide you with a regular, flexible income in retirement or as you transition toward it. By rolling your super into this account, you can receive regular "paychecks" while your remaining capital stays invested in a tax-effective environment.
Key Features
Tax-Free Status: For members aged 60 and over, all income payments and investment earnings within the fund are generally 100% tax-free.
Transition to Retirement (TTR): Access your super while still working (once you reach age 60) to supplement your income, supplement a reduction in hours, or boost your super through salary sacrifice.
Flexible Drawdowns: You choose the frequency (fortnightly to annually) and the amount, subject to government-mandated minimums (e.g., 4% for those under 65).
Capital Accessibility: Unlike some annuities, you retain the ability to withdraw lump sums ($1,000 minimum) for major life expenses, provided preservation rules are met.
Who it May Suit
Members aged 60+ looking for a sustainable, tax-free income.
Active employees aged 60-64 using a TTR strategy to scale back work or maximize tax efficiency.
Recipients of a Super SA death benefit who wish to start a reversionary pension.
How Humble Goode Can Help
Turning your "nest egg" into a lifelong income requires precise planning. We support you by:
Drawdown Modelling: Calculating a sustainable payment level that satisfies the Minimum Income Rates (4% to 14% depending on age) without exhausting your capital too early.
TTR Optimization: Managing the 10% Maximum Limit on TTR accounts to ensure you remain compliant while working.
Transfer Balance Cap Management: Ensuring your total retirement assets stay within your personal limit (currently up to $2 million) to avoid penalty taxes.
Centrelink Integration: Helping you understand how your account balance is assessed under the Asset and Income Tests to maximize potential Age Pension entitlements.
Documents and Resources
Access the latest official Income Stream documentation via the Super SA portal:
Why Professional Advice Matters
While Super SA provides excellent schemes, they do not provide personal financial planning. Their role is to provide information about their products, not to tell you which strategy is right for your life.
At Humble Goode, we bridge that gap. We look at your Super SA entitlements in the context of your entire financial world—your family goals, your other assets, and your dreams for the future.
Advisory Fees – What to Expect
Professional financial advice is an investment in your future. To ensure you receive a comprehensive and tailored review of your Super SA position, we charge an initial consultation fee of $330.00 (inc. GST).
During this session, we dive deep into your specific scheme entitlements, identify potential risks or opportunities (such as insurance gaps or tax caps), and provide you with a clear path forward. If you choose to engage us for ongoing advice or a full Statement of Advice, this fee may be credited toward your total project cost.
General Advice Disclaimer The information on this website is general in nature and does not take into account your personal objectives, financial situation, or needs. You should consider whether the information is appropriate for you and read the relevant Product Disclosure Statement (PDS) before making any investment decision. Humble Goode Financial Pty Ltd (ABN 69 142 070 808) is an Australian Financial Services Licensee (AFSL 349026).