Profile 2 (couple, renters)

About us

We want flexible access to our retirement savings—we may need our savings for emergencies or top ups if we’re short. We’re likely eligible for a part or full Age Pension.

About your profile

With this profile, you’ll get an account-based pension that:

• invests the value of two years of your retirement income payments in our lowest risk investment option, CSCri Cash. This supports withdrawals for top ups and emergencies and aims to protect your account from short-term losses in the market.

• invests the remaining balance of your account in a higher risk option, CSCri Balanced, to prioritise income stability over the long term.

• pays a larger percentage of your balance as an income stream up to age 67, recognising that this may be your primary income before you can apply for Age Pension.

• pays a reduced percentage of your account balance as an income stream when you receive Age Pension to make your balance last as long as possible.

Your investment strategy

Your income drawdown strategy

Your income drawdown is the specific percentage of your retirement account balance that you’ll receive each year as an income stream. The income drawdown strategy changes over the years in line with the strategy for the profile. To work out what your yearly income will be based on the drawdown strategy:

• look up your super account balance
• use the PSSap retirement Modeller to forecast what your retirement outcome may look like with the drawdown strategy for this profile.

How you’ll receive your retirement income

When you set up a CSCri account, you can choose how often you’d like to receive income stream payments. Choose from fortnightly, monthly, quarterly, half-yearly or yearly. You can change the frequency and make lump sum withdrawals from your CSCri account at any time.

Forecast your numbers or apply for a profile

Try it out. Enter your numbers to forecast how well Profile 2 may suit you, then follow the steps to apply.

Model Profile 2 Apply for Profile 2

How to model your profile

Our PSSap Retirement Modeller video explains how to enter your personal, work and financial information, select the profile number you want to model and view the results.