The article discusses the advantages of taking the superannuation death benefit as an income stream, the flow of money generated by a business. Advantages include concessional taxation or free taxation on pension payments, retention ...
For consumers, the DC system requires a number of decisions at the point of retirement, such as lump sum or income stream options, and in the case of the latter, investment and product choice, and draw down options. It is increasingly acknowledged that most retirees do not have an adequate...
Before retiring, she spoke with her Industry SuperFund’s financial planner to ensure she made the most of her $50,000. They advised her to draw down on her super through an income stream to top up her Age Pension. That would maximise the amount of Age Pension she would receive and allo...
ATO Issues Final View on When a Superannuation Income Stream Commences and Ceases - TR 2013/5Cahill, Greg