Discover some common investment options and their benefits and risks. Account-based pension. Personal Retirement. An account-based pension is an account where you invest your superannuation and which pays a regular income. When can I start an account-based pension? What payment will I get? David has an account-based income stream. However, his partner Deb, who turned 65 in February , has an account-based income stream which is not grandfathered and is assessed under the deeming rules.
Note: When claiming a CSHC, the combined couple income test applied to Deb does not include the value of David's grandfathered account-based income stream. Example 5: Ron has an account-based income stream with a reversionary provision. Ron has an account-based income stream. Ron's account-based income stream is grandfathered and not included in the CSHC income test.
Ron's account-based income stream has a reversionary provision, which means his account-based income stream will revert to Julie on his death. Act reference: SSAct section Long-term financial asset, section 9 1 Financial assets and income streams definitions Superannuation Industry Supervision Regulations You can read our Financial Services Guide online for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you.
You can also ask us for a hardcopy. All information on this website is subject to change without notice. Personal Retirement Preparing for retirement Types of retirement pensions explained. Types of retirement pensions explained. Share this article. Applications are subject to approval, fees and charges apply.
This advice is general and has not taken into account your objectives, financial situation, or needs. It is not personal advice. Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. You may need financial advice from a suitably qualified adviser. Canstar may receive a fee for referring you to a product provider — for further information, see how we get paid.
Consider the Product Disclosure Statement PDS , Target Market Determination TMD and other applicable product documentation before making a decision to purchase, acquire, invest in or apply for a financial or credit product. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular credit product or loan. If you decide to apply for a credit product or loan, you will deal directly with a credit provider, and not with Canstar.
Rates and product information should be confirmed with the relevant credit provider. Read the Comparison Rate Warning. All information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall or rise. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular product.
The information has been prepared without taking into account your individual investment objectives, financial circumstances or needs. Before you decide whether or not to acquire a particular financial product you should assess whether it is appropriate for you in the light of your own personal circumstances, having regard to your own objectives, financial situation and needs.
You may wish to obtain financial advice from a suitably qualified adviser before making any decision to acquire a financial product.
0コメント