Total superannuation balance
Special rules for deferred superannuation income streams
The value of deferred superannuation income streams such as deferred lifetime annuities, is counted for total superannuation balance purposes. Whether the value counts toward the retirement phase or accumulation phase component depends on whether the client has met one of the following conditions of release:
- Reaching age 65
- Permanent incapacity
- Terminal medical condition.
Where the deferred superannuation income stream has not yet become payable and the client has not met a specified condition of release, it is included in the accumulation phase value.
Where the client has met a specified condition of release, the deferred superannuation income stream is included in the retirement phase value.
Last modified: Wednesday, August 23, 2017