Income Stream

When you purchase an ESI Super income stream:

• You have a say in how much income is paid to you each year (see Choosing your income in the table below)
• A benefit is paid as long as you have funds in your account (there is no guarantee how long your income stream will continue to be paid)
• On your death, any money remaining in your account will be paid to your dependants as an income stream or lump sum; or to other beneficiaries (including your estate) as a lump sum.

A snapshot of your ESI Super Income Stream

When you retire
Who can invest?	You can if you have an unrestricted non preserved super benefit of at least $30,000 (i.e. money that you can access as cash)
Why would you invest?	You: Have retired (or satisfied another condition of release and need an income stream) Are 60 or over and you want tax free income in retirement Want flexibility in the income you receive each year Want the option of withdrawing lump sums.
Choosing your income	You choose how much income you receive each year, subject to the legislated minimum amount which is calculated by using the balance of your account at 1 July each year multiplied by a percentage factor based on your age.
Lump sum withdrawals	Any time on request and subject to a $5,000 minimum amount at any one time.
Lump sum withdrawal fee	Nil
Contributions	Once commenced you cannot make additional contributions to your ESI Super Income Stream. You can, however, open a second account with a minimum contribution of $30,000.
Frequency of payments	The annual income you select will be paid in monthly instalments into your nominated bank account between the 24th and 28th day of each month.
How long will your income stream last?	Your income stream does not have a fixed term so it will last as long as there is enough money in your account.
Investment choice	You can choose any combination of the available investment options available for the investment of your income stream account.
Tax	Tax free if you are over 60. If you are under age 60 tax will be charged at your marginal tax rate with a 15% tax offset available if you are aged between 55 and 60.
Death benefits	You can nominate a dependant as your 'reversionary beneficiary' when you start your ESI Super Income Stream. This means if you die with money in your account, your reversionary beneficiary will continue to receive your income stream. If you choose not to name a reversionary beneficiary, you can also nominate dependants as recipients of your account balance as a lump sum death benefit.

More information

To learn more about your ESI Super Income Stream options click on the following link to download a copy of the ESI Super Income Stream Product Disclosure Statement or call ESI Super