Writing for Tax & Super Australia’s superannuation journal The Contributor, Gabriela Rusu from GR Super, an independent self-managed superannuation fund (SMSF) service provider, says that the imposition of the $1.6 million transfer balance cap on retirement phase income streams is one of the most significant changes to super that will apply from 1 July 2017.

A new term and a new concept that has resulted from the transfer balance cap measure is “capped defined benefit income stream”. In a special report, Rusu focuses on the special transfer balance cap rules that apply to certain lifetime, life-expectancy and market-linked income streams that are treated as capped defined benefit income streams under this cap.

“We will explore the way in which capped defined benefit income streams are valued and dealt with under the transfer balance cap, as well as the actions that may need to be taken by those receiving a combination of account-based and capped defined benefit income streams.”

Download Rusu’s comprehensive, and free, 7 page report here (PDF 380 KB).

Writing for Tax & Super Australia’s superannuation journal The Contributor, Gabriela Rusu from GR Super, an independent self-managed superannuation fund (SMSF) service provider, says that the imposition of the $1.6 million transfer balance cap on retirement phase income streams is one of the most significant changes to super that will apply from 1 July 2017. Transfer balance cap modifications for certain income streams Transfer balance cap modifications for certain income streams

A new term and a new concept that has resulted from the transfer balance cap measure is “capped defined benefit income stream”. In a special report, Rusu focuses on the special transfer balance cap rules that apply to certain lifetime, life-expectancy and market-linked income streams that are treated as capped defined benefit income streams under this cap.

“We will explore the way in which capped defined benefit income streams are valued and dealt with under the transfer balance cap, as well as the actions that may need to be taken by those receiving a combination of account-based and capped defined benefit income streams.”