RETIREMENT SAVINGS ACCOUNTS ACT 1997

PART 2 - KEY CONCEPTS AND OTHER DEFINITIONS  

Division 1 - Key concepts  

SECTION 14   WHAT CAPITAL GUARANTEED MEANS  

14(1)   [Balance of account]  

An RSA that is an account is capital guaranteed if the balance of the account may not be reduced by the crediting of any negative interest.

14(2)   [Contributions and earnings]  

An RSA that is a policy is capital guaranteed if the contributions and accumulated earnings may not be reduced by negative investment returns or any reduction in the value of assets in which the policy is invested.


 

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