Transition to retirement income streams (TRIS) from 1 July 2017

Transition to retirement income streams (TRIS) from 1 July 2017

With the introduction of the transfer balance cap (currently $1.6 million in 2017/2018), superannuation funds are only able to claim income tax exemptions on assets that are supporting income streams in the retirement phase. Since 1 July 2017, there are now two types...