The main difference between transition to retirement income streams (TTR) and account-based pensions relate to:
A) a lower maximum annual income drawdown for TTRs.
B) a lower minimum annual income drawdown for TTRs.
C) the capital balance of TTRs cannot be commuted until the superannuant reaches preservation age.
D) both a and c
Correct Answer:
Verified
Q2: Age pension entitlements in Australia are subject
Q3: The amount of tax payable on the
Q4: Reverse mortgages:
A) may be suitable for older
Q5: In general, for a lump sum withdrawal
Q6: The deductible amount of a life expectancy
Q8: Conditions of release include where the individual
Q9: As a result of divorce or separation,
Q10: For non-account based lifetime income streams with
Q11: A lower relative inflation rate for a
Q12: Nadia Seffener, aged 57, immediately withdrew $250,000
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents