Retirement reward

When you transfer your super into a Retirement Income account you can get back certain tax savings as a bonus payment.

1. Before you retire
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When you have a BUSSQ Super account or Transition to Retirement (TTR) Income account, we set aside money for any capital gains tax (CGT) we may have to pay when investment assets are sold.
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2. When you retire
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When you open a Retirement Income account, the savings you transfer go into a tax-free investment environment. This reduces the amount we will have to pay in CGT, so we can give you this as a reward for opening a Retirement Income account.
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3. Getting paid your reward
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You don't need to apply for the Retirement Reward and you'll get paid any money you're eligible to receive automatically. This money will go into the Retirement Income account when it’s opened, or you can select to have the amount paid to your bank account directly on your Join BUSSQ Income account form.
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Your Retirement Reward amount will be included when determining your minimum payment rates and it counts towards your Transfer Balance Cap.

For more information call us or read our PDS and to open a BUSSQ Retirement Income account, complete the form at the back of the PDS:

The amount you could be eligible to get, can go up and down over time and depends on certain factors, like what investments you are in.

At the time you open a Retirement Income account, the below factors are used to decide what your Retirement Reward will be:

• BUSSQ’s tax position over time
• Your account balance history over time
• Your chosen investment options, including their taxation position and the timing of any switches you have made between investment options.

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If you are invested in the Cash investment option, no Retirement Reward will be paid as there are no capital gain liabilities for this investment option.

For more information on preparing for retirement and managing your super in retirement: