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  • Innovative retirement income stream products

    Currently, there are rules restricting the development of new retirement income products.

    From 1 July 2017, the government will remove these barriers by extending the tax exemption on earnings in the retirement phase to innovative products, such as deferred lifetime annuities and group self-annuitisation products.

    The intent of the change is to provide greater choice and flexibility for retirees to manage the risk of outliving their retirement savings.

    Further information will be published when available.

    Last modified: 17 Feb 2017QC 51337