Search ResultsShowing 1 - 10 of 42 results for "Retirement Income Stream"
Industry fund introduces new fee
ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... industry funds has announced a new fee for retirees. First State Super customers will face changes to the Retirement Income Stream (RIS) and Transition to Retirement Income Stream (TRIS) fee structure on 1 April 2020. In an update to members, the super ...
Industry fund offers bonus on income streams
KANIKA SOOD  |  THURSDAY, 31 OCT 2019
A $54 billion industry fund is nudging its older members towards income streams with a bonus of up to 2%, as it develops its retirement income solutions. Cbus will introduce a bonus for members upon retirement, with chief executive David Atkin saying ...
Corporate fund updates members on fee changes
KARREN VERGARA  |  FRIDAY, 19 JUL 2019
... interest remains unchanged at 0.07%, while international shares rose by 0.01% to 0.15%. The transition to retirement income stream (TRIS) balanced option saw investment fees decrease from 0.56% to 0.50%. Its estimated transaction costs went down from ...
Franking changes feared by shareholders
HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... medical expenses and buying groceries. "In this context, it would be very disappointing to see this retirement income stream taken away from them," he said. Freeman also pointed to the continued faith retail investors placed in Australian companies - ...
Interest in early access to super rises
JAMIE WILLIAMSON  |  MONDAY, 11 MAR 2019
... "However, super benefits can be accessed as a tax-free lump sum during this period, or used to commence a retirement income stream, which receives both a tax exemption on earnings, and has no maximum pension restriction." It may be more flexible and ...
New law tightens unpaid SG penalties
KARREN VERGARA  |  THURSDAY, 29 MAR 2018
... you, but that's not always the case." The new provisions, O'Dwyer added, will enable the transition to retirement income stream of a super fund member to be paid at death to their eligible dependants without having to be commuted and a new income stream ...
O'Dwyer proposes TRIS changes
KARREN VERGARA  |  TUESDAY, 13 FEB 2018
The Federal Government is pushing for reversionary transition to retirement income streams (TRIS) to be paid to an eligible dependent upon a death, regardless if a condition of release is met. Minister for Revenue and Financial Services Kelly O'Dwyer ...
Government closes super loophole
EMMA RAPAPORT  |  MONDAY, 10 JUL 2017
A loophole which allowed some superannuants to reduce taxation obligations on their superannuation income stream by electing to treat income as a series of lump sum payments has been closed by the Federal Government. The closure, announced on 3 May ...
BGL releases CGT capability for SMSFs
EMMA RAPAPORT  |  MONDAY, 22 MAY 2017
... capital gains where fund members need to comply with the new transfer balance cap and Transition to Retirement Income Stream (TRIS) reforms commencing on 1 July 2017. CGT relief preserves the previous exemption for accrued, but not yet realised, capital ...
Future retirement products aided by tax exclusions
JAMIE WILLIAMSON  |  TUESDAY, 21 MAR 2017
... payments from the income stream once they have commenced. "This rule is designed to ensure that a genuine retirement income stream is provided to a beneficiary, with benefit payments being set in a manner that does not circumvent the commutation rules ...
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