Child income account
Protect your child’s financial future with a BUSSQ Child Income account.
What is a 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, 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.
Get advice
Getting financial advice can help you understand your super and finances, plan for retirement and much more.
BUSSQ offers different types of advice and can help you get your head around your super.
What are the benefits
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.
More information is available in our Protect your child's financial future fact sheet and in the Child Income account Terms and Conditions.
If you would like to choose a Child Income account as your beneficiary you can complete our Binding Death Benefit Nomination to a Child Income account form and a Child Income account join form for each child detailed.
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Nobody likes talking about it. Just thinking about it can give you serious chills. If you bring it up around old people, everyone glares at you until you stop. No, we’re not talking about a reality TV family, religion, or the price of porridge and Metamucil these days. We’re talking about death. Specifically funerals.
Protect your child's financial future
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.
Early access of your super
We understand that sometimes in life your finances can get on top of you.