An introduction to deferred lifetime annuities | Accurium

An introduction to deferred lifetime annuities

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The introduction of the Government’s ‘Innovative Superannuation Income Streams’ Regulations has, since 1 July 2017, allowed for the development of new categories of retirement income streams to meet the needs of Australian retirees. These Regulations have allowed for the development of a variety of income streams, including deferred lifetime income streams, and deferred lifetime annuities (DLAs) which are available today as a consequence.

Recent changes to the social security means testing of lifetime income streams has provided certainty of social security means test outcomes for lifetime income streams (including innovative superannuation income streams) commenced on or after 1 July 2019.