The recently delivered Federal budget contains a number of proposed changes to Superannuation provisions with potential effects both for accumulation funds, i.
Tax exemption on TTR pension earnings removed – but TTRP strategy still useful
The tax exempt status of income from assets supporting transition to retirement (TTR) pensions will be removed from 1 July 2017, with earnings to be taxed at the Super accumulation tax rate on earnings of up to 15%.
Australians continue to enjoy one of the longest life expectancies in the world and are due to increase further in the next 40 years as per the table below.
