Retirement income streams
Types of retirement income streams
Section: 14.3
14.3 Types of retirement income streams
Account-based | Non account-based | ||||
Common product name | Allocated | Lifetime | Fixed term | Life expectancy | Market linked |
For members who want low risk | |||||
Guaranteed level of regular payments | |||||
Can vary payments to suit requirements | Depends upon returns | ||||
Can drawdown extra capital | |||||
Can choose investments | Some choice available | ||||
Can transfer residual capital value to estate | |||||
Preferred beneficiary can get reversionary payment |
Source: Adapted by Rainmaker from the department of human services
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Last modified: Monday, July 12, 2021