Apply for CSC Retirement Income - Standard and Transition
Learn how to apply for CSCri Standard retirement income stream or Transition to retirement income stream
Before you begin
Before you apply for a CSC Retirement Income solution, you should determine whether you are eligible for a Transition to retirement income stream or a Standard retirement income stream, depending on where you are in your retirement journey.
Start by reading
CSCri Product Disclosure Statement
Issued 25 March 2022, this document provides important information about the features, benefits, risk and cost of investing your super in CSCri.
Target Market Determination (CSCri)
Target Market Determination for CSCri effective 13 May 2024.
Understand key features of CSCri
Minimum investment
CSCri accounts must start with a minimum investment of $20,000.
This money can come from:
- your existing PSSap (including Ancillary) account; and/or
- another superannuation fund; and/or
- an eligible superannuation fund contribution (such as an after-tax/non-concessional contribution); and/or
- a lump sum amount from either CSS or PSS when you permanently retire (standard income stream only).
Flexible income and ad hoc options
Income payment frequency
Choose how often you are paid: fortnightly, monthly, quarterly, half yearly or annually.
Minimum annual payment
There is a minimum annual amount you must be paid, this is based on ATO requirements.
Maximum annual payment
If you are a standard retirement income stream customer, there is no maximum income that can be paid to you, but if you are a transition to retirement income stream customer, you can only be paid a maximum income of up to 10% of your account balance per year.
Ad hoc withdrawals
Available for standard income stream customers. For transition to retirement income stream customers, ad hoc withdrawals are available only if you meet a ‘condition of release’.
Tax benefits
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Age 60 and over |
Under age 60 |
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Transition to retirement income stream |
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Standard retirement income stream |
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Flexible investment choice
Restart your CSCri account with additional amounts
How to apply
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Gather your information
You will need to provide certain information in your application for CSCri, which might include:
- your member number, which can be found in the CSC Navigator or on your Annual Statement.
- Tax File Number
- amounts you will transfer into your starting balance, and where they will come from (i.e. other super funds, personal contributions)
- how you want your super to be invested (i.e. one option, or a mix)
- bank details for payments and withdrawals
- identity documents for digital verification, or certified documents
- beneficiary nomination
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Download the application form
Complete the application and send it to us. If you need assistance, contact [xxx].
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Fund consolidation
If your application is accepted and you are commencing your CSCri with multiple sources or a personal contribution only, we will consolidate your funds into your PSSap account (or set up a PSSap Ancillary account for you if you do not already have one).
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We'll set up your CSCri account
Once all your funds are consolidated into PSSap, or we receive your single source starting amount, and your application has been accepted, we'll set up your account.
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Welcome to CSCri
You will receive an email or letter welcoming you to CSCri and letting you know your account details.