Child income account
Protect your child’s financial future with a BUSSQ Child Income account.
BUSSQ is one of only a few super funds that provides a Child Income account product, which in the event of your death, allows your dependant children to be paid the balance of your super account.
In the event of your death, the Child Income account will be opened, and regular payments to your child or children will then begin based on the options you choose.
Payments will continue until the money in the account runs out, the child turns 18 and opts to take a lump sum, or your child turns 25. At this point any remaining balance will be paid to them as a lump sum.
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.
- Boosts the account balance with BUSSQ’s Headstart Bonus payment.
For more information or to set up a Child Binding Beneficiary, download the form now, or call us on 1800 856 722 to speak to a BUSSQ member representative.