Transition to retirement income streams … a comprehensive guide

Click to download

A transition to retirement income stream (TRIS) is an income stream a retiree can access once they attain preservation age, but before they meet another condition of release like retiring.

Key points:
> From 1 July 2017, a TRIS will not be eligible for an Exempt Current Pension Income (ECPI) until the pensioner attains age 65 or reports a condition of release.
> A retirement phase TRIS is eligible to make lump sum payments, but they won’t count towards meeting minimum pension requirements.
> Review clients nearing age 65, or who intend to report a condition of release, should check they won’t exceed their Transfer Balance Cap when the TRIS moves to
retirement phase.
> Legislation has been proposed to apply retrospectively from 1 July 2017 to ensure a TRIS can revert to an eligible beneficiary and be in retirement phase.


(Click on the cover page image for the full document).


Sponsor White Papers (click here to see all previous papers)

Wikipedia defines a White Paper as “an authoritative report or guide informing in a concise manner about a complex issue and presenting the issuing body’s philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision.”

Print Friendly, PDF & Email
No comments yet.

Leave a Comment:

This site uses Akismet to reduce spam. Learn how your comment data is processed.