Start an Income account - I Choose BUSSQ - BUSSQ

Start an Income account - I Choose BUSSQ

A BUSSQ Income account is a product designed to suit you and your lifestyle needs, whether you are winding down to retirement or already retired. Setting up a BUSSQ Income account is easy and we can help you along the way.

4 easy steps to start your BUSSQ Income account

Step 1 – Do your homework

  • Make sure you are eligible and have reached you preservation age. This is the minimum age, required by law, which you must have reached to access your super. For more information see Retirement Age and when you can retire.
  • Make sure you have the minimum amount to invest. To start a BUSSQ Income account the minimum investment amount is $25,000. You don’t have to have an existing account with BUSSQ to start a BUSSQ Income account. The money can come from more than one source e.g. an approved deposit fund, retirement savings account or sale of investment. But the money must be in the superannuation system before it can move across to an income account.
  • Review the BUSSQ Income account Product Disclosure Statement to ensure you have all the information about the BUSSQ Income account and how it works.

Step 2 – Speak to one of our Financial Planners

  • Make an appointment with a BUSSQ Financial Planner to work out the best options for you. They will give you advice on:
    • Retirement planning and pensions including ways to improve how much Centrelink Age Pension you receive.
    • Transition to Retirement (TTR) Income accounts and other associated benefits
  • Come along to a BUSSQ Financial Future Session which are run throughout Queensland. For more information see Book into a free Financial Future Session.

Step 3 – Make some decisions

A BUSSQ Financial Planner can help you with the below decisions. There are a number of things you need to consider so it is a good idea to get some advice.

  • How much money you want to receive
  • The frequency of your payments
  • What investment options do you want your Income account invested in
  • Who will be your beneficiaries

Step 4 – Complete the forms

You will need to complete and provide the following forms to BUSSQ.

Remember, if you have any questions along the way BUSSQ is there to help. Book in to speak with a BUSSQ Financial Planner today and get your retirement sorted.