POWERED BY MOMENTUM MEDIA
CSC launches income stream product
The Commonwealth Superannuation Corporation (CSC) has launched an account-based retirement income product.
The CSC retirement income product enables PSSAP scheme members to access their retirement savings as a transition to retirement income stream or standard retirement income stream.
It encouraged members that had reached preservation age (55 years old) to consider the new product as it allowed super savings to remain in a tax-effective structure, gave access to a transition to retirement strategy and kept members in the Australian Government super environment.
Features of CSC's retirement income include tax-free payments and withdrawals from age 60, tax-free investment options and reversionary, binding and non-binding beneficiary options.
AUTHOR
Staff Writer
Money Management staff writers are writers who contribute to the website from time to time. If you would like to discuss the content contained within this article please contact us.
Recommended for you
Australia’s largest superannuation fund has confirmed all members who had funds stolen during the recent cyber fraud crime have been reimbursed.
As institutional investors grapple with shifting sentiment towards US equities and fresh uncertainty surrounding tariffs, Australia’s Aware Super is sticking to a disciplined, diversified playbook.
Market volatility continued to weigh on fund returns last month, with persistent uncertainty making it difficult to pinpoint how returns will fare in April.
The Association of Superannuation Funds of Australia (ASFA) has called for the incoming government to prioritise “certainty and stability” when it comes to super policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
90.28 3 y p.a(%)
2
GAM LSA Private Shares AU I
37.08 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
31.44 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
31.12 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
28.28 3 y p.a(%)
