Protect your child's financial future

16 August 2021

SuperannuationFamilyInsurance
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Will your super and insurance go to your children or your ex in the unfortunate event of your death?

BUSSQ is one of only a few super funds that allows you to nominate the balance of your super account to be paid to your dependant children as an income stream if you pass away.

Nominating a Child Income account means that if you die, regular payments will begin to your child or children until the money in the account runs out, or the child turns 18 when they must have the balance of their Child Income account paid to them as a cash lump sum, unless continuing to live with the primary carer and studying full time until they reach age 25.
 
The benefits of a BUSSQ Child Income account:
  • Pays a regular income to your child’s primary carer to help with your child’s living expenses.
  • Does not impact government assistance or support available to your child’s primary carer.

A Child Income account gives you the peace of mind knowing that if you pass away, your children will receive regular payments to support them as they grow up, as opposed to a lump sum payment being made to a previous spouse or de facto.

Go to Child Income account for more information.

 

 

 

 

 

 

This information is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Prepared by BUSS (Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201).

 

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