TTR case study increase superannuation savings and reduce tax | Accurium

Technical article
A transition-to-retirement (TTR) strategy may help your clients supplement their income as they wind down to retirement, increase superannuation savings and reduce tax payable on benefits. Read our TTR case study to find out how this strategy could help your clients.

Update July 2018: Please note that the tax-free earnings status on assets supporting a Transition to Retirement income streams (TRIS) changed at 1 July 2017. Only where the TRIS pensioner has reported an applicable condition of release to the SMSF Trustee, or attained age 65, will the earnings on a TRIS be exempt from income tax. For more information on this please refer to our article Revisiting TTR strategies for clients.

Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.