If you’re transitioning to retirement

Changes to transition to retirement income stream tax exemptions

What’s changed

Earnings on the assets supporting your transition to retirement income stream have historically been tax-free.

As of 1 July 2017, these earnings will generally be taxed at up to 15%, regardless of when you started the account.

What it means to you

The tax effectiveness of your transition to retirement income stream will be reduced, so you should ask your financial planner whether it will still be relevant to you.