Last chance: Act now on Transition to Retirement plans

The government looks keen to put an end to transition to retirement income streams – if you’re thinking about starting one, now is the time to act.

Summary: The Howard government’s transition to retirement income streams (TRIS) look likely to be phased out soon. The arrangements, allowing those who reach their preservation age to access their super as an income stream while still working, would be removed through either a fixed end date, or a grandfathering arrangement. 

Key take out: If you are approaching preservation age, or have reached it and are considering starting a TRIS arrangement, investigate and implement this now.


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