Retirement Income (CSCri)

This account-based pension gives you regular, tax-effective retirement income stream payments, earnings from investment returns and access to your retirement money to suit your changing needs.

A CSCri Standard retirement income stream:

• provides a regular income stream with access to lump sum withdrawals when you need it

• keeps your money invested, and allows you to choose, monitor and change your investment options

• may give you tax savings—earnings on investment returns are tax fee—and if you’re 60 or older, income stream payments and lump sum withdrawals are tax-free.

Who’s it for?

If you’re confident at managing your account and you like making your own investment and retirement income choices, this product may be for you.

Who can apply?

You can apply if:

• you’ve reached age 60 and permanently retired; or
• you’ve ceased at least one gainful employment arrangement after turning 60; or
• you’re 65 or older, whether working or not; or
• you're permanently incapacitated.

Forecast your numbers or apply

Try it out. Enter your numbers to forecast how well CSCri Standard may suit you.

Model CSCri Standard Apply for CSCri Standard

Looking for guidance on how to invest or draw an income in retirement?

CSC Retirement Profiles can help you choose what’s right for you.

Explore strategies with different sets of retirement goals and circumstances based on things like relationship status, home ownership and super balance.

The profiles set out retirement priorities, like:

• needing a lump sum early
• steady income over time
• access for unexpected costs or,
• a combination of these.

See how different retirement income accounts can be set up including drawing an income and investing in retirement and read the case studies.

Two profiles include a Challenger lifetime annuity. Annuities can be a great way to manage the risk of outliving your retirement income.

Who’s it for?

If you’re not ready or unlikely to seek financial advice, the Retirement Profiles provide simple guidance to help you get started.

Explore example strategies

This account-based pension gives you regular, tax-effective retirement income stream payments and earnings from investment returns while you’re still working.

Customers may use this type of account in the lead up to retirement to reduce their work hours without dropping their income, or to maintain hours and contribute more to super.

CSCri Transition to retirement income stream allows you to:

• keep your super balance invested in PSSap while you access some of your super savings through an account-based pension (up to 10% of your super balance invested in the CSCri account per year).

• reduce your working hours and pay more into PSSap as before-tax (salary sacrifice) contributions, and top up the pay you miss out on with regular payments from your income stream account

• keep getting super contributions from your employer because you’re still working

• get tax-free income stream payments. (You can access 10% of your transition to retirement super balance per year.)

Who’s it for?

If you’re working and interested in tax savings or topping up your income, and you’d like an income stream from super for more flexibility and choice before you retire, a CSCri Transition to retirement income stream may suit you.

Who can apply?

If you’ve reached age 60 and you’re under 65 and still working, you can apply.

Find out more

Apply for CSCri TRIS Transition to retirement