Types of Income accounts - BUSSQ

Types of Income accounts

Whether you are already retired or winding down to retirement, BUSSQ has an Income account to suit you. BUSSQ offers two types of flexible income streams called a Transition to Retirement Income account (TTR) and an Income account.

Transition to Retirement Income account

If a you are aged between preservation age and 64 and still working, then you may be able to use this Income account to assist to reduce tax and boost your super savings in the lead up to retirement. You may also use this Income account to supplement your income should you choose to reduce your working hours. 

Income account

If you have reached preservation age and met a condition of release, you can use this Income account as an income stream as well as an investment vehicle to keep your retirement savings invested and working.

You can draw down BUSSQ Income account payments into your nominated bank account as frequently as fortnightly, and also take lump sum payments when you need to. The balance that you have in your Income account continues to be invested and working.

From transition to retirement and retirement planning, to superannuation investment options and retirement income stream choices, BUSSQ’s team of Income account specialists is here to help.

Book in to speak with a BUSSQ Financial Planner today and get your retirement sorted.

Find out more information on when you can access your super.