Superannuation


Superannuation Retirement Income Streams

Lifetime Income Streams

There are many features that can be incorporated into a lifetime pension that may make it more appealing to your specific needs.

For example, you can have a guaranteed payment period which ensures that in the event you die within a certain time period after commencement of the income stream, say 20 years, payment will continue to be made to your beneficiaries until the end of that period.

Another popular feature is to nominate a reversionary pensioner. This allows the pension to continue on your death for the lifetime of the second nominated pensioner.

Previously, some people may have chosen to commence a more restrictive form of Lifetime Income Streams (known as ‘complying’ income streams), which had certain Centrelink and taxation advantages under previous laws. These are generally no longer available to new investors as the rules and concessions have changed.