Account-based income stream

An account-based income stream (previously known as an allocated pension) is a regular retirement income benefit payable from a Superfuture RSA on retirement from the workforce, on or after attaining the preservation age.


Once eligible, if you begin to draw an account-based income stream benefit from your RSA, tax is no longer paid on the interest earnings credited to the RSA account-based income stream. This is reflected in a higher rate of interest being credited to the RSA.

Once in the income stream phase, you must receive minimum payments annually. The minimum payments are based on your account balance and government set percentage factors that depend on your age.

An account-based income stream may not provide an income stream for the rest of your life, as it is dependent on the amount of money remaining in the Superfuture RSA income stream account.


Features of our account-based income stream include:

  • low-risk, capital guaranteed
  • free of entry fees or administration fees
  • no earnings tax on interest
  • choose to receive income payments either monthly, quarterly, half-yearly or annually
  • tax rebate available from 55 years of age
  • tax-free from 60 years of age
  • nomination of a reversionary beneficiary to receive income payments.

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Remember to read the following important documents:

BSB: 704 230

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