The reform Regulations have now been finalised. They are largely unchanged form what was initially proposed. A couple of subsequent discussion topics have been abandoned. Notably the notion that actuarial certificates will no longer be required and that complying pensions could be commuted where they contributed to a transfer balance cap issue. Neither of these will proceed so the status quo remains.
Are Transition to Retirement Pensions Still Useful?
Following the loss of tax concessions on fund earnings underpinning TRISs their popularity plummeted but they still...