Education

A Choice super product is any superannuation investment option offered by an APRA-regulatedsuper fundthat is not the fund's default MySuper option. Where MySuper is designed to be a simple default for members who do not engage with their super, Choice products are designed for …

Although MLPs are no longer offered as new products, many existing members continue to hold them, often with grandfathered Centrelink treatment. Some members are also able to commute and convert existing MLPs into other complying products under specific transitional rules, particularly within SMSFs.

The Pension Supplement is an additional payment made by Services Australia to eligible Age Pension recipients and certain other pensioners in Australia. It was introduced as part of the 2009 pension reforms to consolidate several previous allowances (including the Pharmaceutical Allowance, Utilities Allowance and …

MySuper is a category of superannuation product introduced under the Stronger Super reforms that came into effect from 1 January 2014. It was designed to give every working Australian access to a simple, low-cost default superannuation option, regardless of whether they engaged with their …

A partial commutation is the conversion of part of a superannuation income stream — such as an account-based pension — into a lump sum. It allows a member to take some of their pension capital as a one-off cash payment while continuing the income …

Australian tax residency rules are back in focus as growing numbers of Australians reportedly explore offshore relocation strategies following recent federal budget changes and broader tax-policy debates.

A lifetimeAnnuityis a retirement income product issued by aLife insurancecompany that provides a regular, guaranteed income for the rest of the policyholder’s life in exchange for a lump sum investment. It is primarily designed to address longevity risk, which is the risk of outliving …