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It pays you a guaranteed income throughout your retirement, which can be for a fixed period of time or for the rest of your life.
Your capital and income are guaranteed, regardless of changes in the financial markets.
When investing with super money, income payments are tax free in most circumstances if you're aged 60 or over and there's a 15% tax offset if you're aged between 55 and 59 years.
Invest a minimum lump sum of $10,000 from either your super or personal savings.
Your capital and your income are guaranteed, no matter what happens to interest rates or share markets, and you can choose to receive payments monthly, quarterly, half-yearly or yearly.
Set your own terms and invest for a fixed period from 1 to 30 years, or choose to receive payments for the rest of your life.
When investing with super money, income payments are tax free in most circumstances if you're aged 60 or over and there's a 15% tax offset if you're aged between 55 and 59 years.
When you retire you may want to downsize to a smaller property. Equity from the sale could boost your retirement income if you invest it in a guaranteed annuity.
We recommend you read the PDS carefully and seek financial advice before investing in an annuity.
Lifestream Guaranteed Income is issued by The Colonial Mutual Life Assurance Society Limited (CMLA), ABN 12 004 021 809, AFSL 235035. CommInsure is a registered business name of CMLA. Please view our Financial Services Guide. Commonwealth Bank of Australia ABN 48 123 123 124 and its subsidiaries (excluding CMLA) do not guarantee or in any way stand behind Lifestream Guaranteed Income or the repayment of capital or interest by CMLA. Investments in Lifestream Guaranteed Income are not deposits or other liabilities of Commonwealth Bank of Australia or its subsidiaries (excluding CMLA). This is general information only and does not take into account your individual objectives, financial situation or needs. You should assess whether the information is appropriate for you and consider talking to a financial adviser before making any investment decision. The offer made in the PDS is only available to persons receiving the PDS within Australia. Applications from outside Australia will not be accepted. Taxation considerations are general and based on present taxation laws and may be subject to change. CMLA is not a registered tax (financial) adviser under the Tax Agent Services Act 2009. You should seek tax advice from a registered tax agent or a registered tax (financial) adviser if you intend to rely on information, to satisfy the liabilities or obligations or claim entitlements that arise, or could arise, under a taxation law.
