Retirement income options for Defence members
Coming soon
More choice and flexibility in how you turn your super into a retirement income that suits your needs.
Retirement is changing. People are living longer, working differently and looking for greater flexibility in how they use their super.
The Australian Government is progressing legislation that may give ADF Super, MilitarySuper and DFRDB members access to CSC retirement income options.
If introduced, CSCri for Defence could give eligible Defence members more ways to turn their super into a retirement income that suits their needs, and keep their retirement savings invested with CSC.
Designed with Defence members in mind, it aims to offer flexible retirement income options that recognise the unique nature of military service and retirement.
*The availability of CSC retirement income options for Defence members is subject to the passing of legislation and finalisation of eligibility and implementation arrangements.
More choice and flexibility in retirement
CSCri for Defence could give you more choice and flexibility in how you turn your super into a retirement income that suits your needs. It could support your transition from saving to drawing a regular income and help you continue your retirement journey with CSC.
What we know so far
As legislation progresses through Parliament, final details are not yet confirmed. This includes who will be eligible, how CSCri for Defence will work and what options may be available to you.
We’ll share more information as soon as it’s available.
Get the latest updates
There's nothing you need to do right now. We'll keep you updated as details are confirmed, so you’ll know what to expect and when CSC can assist.
FAQs
What is CSCri for Defence?
CSCri for Defence is a proposed offering that may give eligible ADF Super, MilitarySuper and DFRDB members access to CSC retirement income options, subject to legislation. Designed for Defence members, it aims to provide greater flexibility in retirement while recognising the unique nature of military service.
What are retirement income options?
Retirement income options help you make choices about your retirement income. They may combine retirement products, features and guidance to help you turn your super into a regular income stream. Depending on the option you choose, you may be able to keep your money working for you while drawing a regular income.
Why is this being introduced?
Retirement is changing, and you may be looking for more flexibility in how you use your super in retirement. CSCri for Defence aims to help you shape the retirement you want by:
- providing more choice and flexibility in how you use your super in retirement
- supporting your transition from building super to drawing retirement income
- offering retirement income options designed for Defence members, helping you keep your retirement savings invested with CSC.
Who will be eligible?
Eligibility hasn’t yet been finalised and will depend on legislation and implementation details.
You may be eligible if you:
- are a former ADF member, and
- have a releasable lump sum from an eligible CSC fund.
This may include members from ADF Super, MilitarySuper and some DFRDB arrangements where a lump sum can be accessed and used to start a retirement income stream.
Can I keep my super with CSC?
If CSCri for Defence is introduced, you may be able to keep your super invested with CSC while accessing retirement income options, subject to eligibility requirements. Final arrangements will depend on legislation and implementation details, and we'll provide more information as it becomes available.
What options may be available?
CSCri for Defence is expected to offer options that allow you to convert your super into a regular income stream while continuing to benefit from investment returns. You may be able to keep your retirement savings invested with CSC while drawing a retirement income.
How is this different from my current benefits?
CSCri for Defence is intended to complement your existing super arrangements, not replace them. It may provide additional retirement income options if you want to convert a lump sum into an income stream and keep your retirement savings with CSC.
When will CSCri for Defence be available?
Timing will depend on the passing of legislation through Parliament and final implementation arrangements. We’ll share more information as soon as this is confirmed.
Do I need to do anything right now?
No, there’s nothing you need to do at this stage.
Will this affect my current super account?
No, there are no immediate changes to your account. If CSCri is introduced, we’ll explain what it means for you and the options available.
How will I be kept informed?
We’ll keep you updated as more information becomes available. We’ll let you know what it means for you and when any action may be required.