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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

This technical resource is intended for the use of financial advisers only. It is current as at the date of publication but may be subject to change. This publication has been prepared without taking into account a potential investor's objectives, financial situation, needs or objectives. Before making a recommendation based on this material, you should consider its appropriateness based on the client's objectives, financial situation and needs. Rainmaker Group is not a registered tax agent under the Tax Agent Services Act 2009. Your client should refer to a registered tax agent before relying on information published herein that may impact their tax obligations, liabilities or entitlements.

Last modified: Wednesday, September 30, 2020