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Transition to retirement

Social security assessment

Section: 15.6

TTR income streams are assessed for social security and DVA means test purposes as asset tested (long term) income streams.

Assets test

100% of the account balance of a TTR income stream is assessable under the assets test.

Income test

For non-grandfathered TTR income streams (includes any commenced on or after 1 January 2015 and some commenced prior to that date), the balance of a member's TTR income stream (along with their other financial assets) is subject to deeming (an assumed rate of return) for income test purposes. Actual income stream payments are ignored for income test purposes.

Last modified: Wednesday, July 24, 2019