This crash course provides an overview of the types of income streams available for Australian retirees. In recent times Government has been encouraging industry to develop more innovative forms of income streams to suit retirees. The most common style of income stream is still an account-based pension paid from a superannuation fund. Lifetime income streams and lifetime annuities are another style of superannuation income stream covered in this course. The course content will provide a background on income streams in Australia, the taxation of income streams and the transfer balance cap. The source, structure, income, access to capital, risk, treatment on death, tax effectiveness and social security treatment of account-based pensions (including transition to retirement income streams) and lifetime income streams will be identified.
The course contains an interactive learning module and an assessment quiz providing you with 1.5 CPD hours. You will have access to the course for 90 days to complete the learning and the assessment.