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^TM RSA account on retirement from the workforce, on or after attaining the preservation age.

Once 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.

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.

 Open an account

Features:

 Low risk, capital guaranteed

 Free of entry fees or administration fees

 No earnings tax on interest

 Receive income payments monthly, quarterly, half-yearly or annually

 Tax rebate available from 55 years of age

 Tax free from 60 years of age

 Nominate a reversionary beneficiary to receive income payments

For futher information, download the SuperFuture RSA Product Disclosure Statement (PDS).


Call PC Planning on 13 63 73, press 5 or email pcplanning@policecredit.com.au


SuperFuture is the exclusive registered trademark of Police Association Credit Co-operative Limited ABN 33 087 651 661. This advice is general, so it may not be right for you. This advice has been prepared without taking account of your objectives, financial situation or needs. Before acting on the advice you should consider whether the advice is appropriate for you. Before you make any decision to acquire this RSA product you should obtain and consider the relevant Product Disclosure Statement (PDS) available from 121 Cardigan Street Carlton or by calling 13 63 73.