by Duc Hong
The changes introduced from 1 July 2017 meant that assets supporting a TRIS are no longer exempt from tax. While that was a significant change, there are still circumstances where the TRIS strategy can be effective.
Elements to consider when implementing a Transition to Retirement strategy include:
The strategies that can be used with a TRIS include:
As at October 2020, anyone born on or before October 1962 would be eligible to commence a Transition to Retirement Income Stream.