Welcome, former Zurich Master Super Fund members

For information about your recent transfer to smartMonday

 

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What makes an income stream tax effective?

Investment earnings: Subject to the Government’s transfer balance cap (currently set at $1.9 million), if you have a retirement pension, investment earnings on assets in your account are tax-free. If you have a Transition-to-retirement pension (TRP), investment earnings are taxed at the concessional superannuation rate of up to 15%.

Pension income payments: Subject to the Government’s transfer balance cap (currently set at $1.9 million), your income payments are generally tax-free once you reach age 60. You do pay tax on income payments you receive from your super before age 60, but you may be eligible for a tax offset of up to 15%.