Retirement income streams
Types of retirement income streams
Section: 14.3
| 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 department of human services
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Last modified: Wednesday, September 30, 2020